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Lease Accounting
Learn how to power your compliance with the lease accounting standards with Occupier.
Understanding ASC 842, IFRS16, GASB87 and FRS102
- What Does Reasonably Certain Mean?
- Do you have a Glossary of ASC 842 Key Terms?
- What is ASC 842?
- What is IFRS 16?
- What is the Balance Sheet Impact of ASC 842?
- What is the Income Statement Impact of ASC 842?
- How Should I Assess Materiality for a Lease Portfolio?
- Steps to Identify a Lease
- How to Determine Lease Term
- How to Calculate Lease Consideration
- How to Perform the Lease Classification Test
- What is the Calculation for the Initial Recognition of Lease ROU Asset and Liability?
- What is the Calculation to Subsequently Measure Operating Leases?
- What is the Calculation to Subsequently Measure Finance Leases?
- When Should I Remeasure a Lease?
- What is the Difference in Accounting for a Full and Partial Lease Termination?
- What is the Difference Between a Lease Modification and a Lease Termination?
- How do I Determine if a Lease is a Modification or a New Lease Contract?
- ASC 840 to 842 Lessee Transition Options
- How to Identify Embedded Leases
- How do I determine Class of Underlying Assets under ASC 842?
- ASC 842 Implementation Date Practical Expedients
- Impact of ASC 842 on Debt Covenants and Bank Capital Requirements
- How does Foreign Currency Impact ASC 842?
- Steps to Complete Initial Lease Measurement under ASC 842/IFS 16?
- What is the Discount Rate? How do I determine what Discount Rate is appropriate?
- What do Foreign Currency (FX) Terms Mean?
- What is FRS 102?
- What is GASB 87?
- What is an immaterial lease?
- What are the types of Lease Remeasurements?
- Does Occupier handle Lessor Accounting?
- What are journal entries?
- What is an Operating Lease?
- What is a Finance Lease?
- What is a Short Term Lease?
- Do you have any additional resources to help us get compliant with ASC 842?
- What are the Foreign Currency Considerations in ASC 842?
Account Set-up
- How do I change my Parent Entity?
- How do I apply my asset classes in Occupier?
- What are asset classes?
- How do I update the lease accounting standards?
- How do I change my Fiscal Calendar in Occupier?
- How do I change the GL accounts or segments configured to a lease?
- How to edit account configurations?
- What is an Account Type?
- How to Change Account Type?
- How do I configure my new legal entity?
- How do I edit or add a GL Account in Settings?
- How do I edit a segment?
- How do I add/change Legal Entities in Occupier?
- How do I add my Chart of Accounts into Occupier?
- What is a Legal Entity?
- What is a Parent Entity?
- What does Consolidate mean?
- What is a Subsidiary (or Child Entity)?
- How do I input my Discount Rate(s) into Occupier?
- What is a Fiscal Calendar?
- How to review your Legal Entity set up using Lease Administration
- How to review lease administration inputs to ensure accurate accounting
- What date do I consider when determining my Discount Rate?
- What are Account Segments?
- How do I add Account Segments in Occupier?
- How do I change which Legal Entity a lease is assigned to?
- How do I delete/remove a lease from Occupier Lease Accounting?
- I am a private company...how do I know when my transition date should be?
- What is a Chart of Accounts?
- When do I need to update my Discount Rate?
- What is a Reporting Entity?
FX Rates
Recognizing a Lease
- How do I recognize a lease?
- How do I approve and Recognize a Lease?
- What does it mean when a lease is recognized?
- How do I classify my lease(s)?
- How do I input my Deferred Rent into Occupier?
- Do I enter in Deferred Rent as a + (Positive) or - (Negative) balance?
- What is Deferred Rent?
- Do I have to go back and re-account for Initial Direct Costs on leases that existed prior to my transition to ASC 842/IFRS 16?
- What is an Initial Direct Cost?
- What is a Lease Incentive?
- How do I input Lease Payments into Occupier?
- Why is my possession date and measurement date different?
- I made a update in Lease admin, why hasn't accounting changed the measurement?
- How do I enter a Sublease in Accounting?
- How do I set up my Accounts Configuration for my Lease?
- How can I see how a lease measurement was completed?
- How do I utilize the Measurements screen?
- Why doesn't my ROU Asset = Lease Liability?
- What does each Account Configuration mean?
- Do I have to populate every Account Configuration even if it does not apply to my lease portfolio?
- Where can I view the comments tagged to a lease?
- What are Comments in Occupier and how can they be used?
- Do I have to go back and re-consider how I classified my leases under ASC 840 (the old leasing standard)?
- Where do I classify my lease(s) in Occupier?
- What is Lease Classification?
- How do I input the Discount Rate into Occupier?
- How do I know what amount of Deferred Rent to input into Occupier?
- How do I input Initial Direct Costs into Occupier?
- What balance of my Lease Incentives do I input into Occupier?
- How do I input Lease Incentives into Occupier's Accounting Module?
- What is included as a Lease Payment?
- What is a Lease Payment?
- Can anyone approve a lease?
- Do I need to complete all leases within my Lease Status page?
- Why are some of my leases duplicated and belong to two Legal Entities?
- What if I don't see any leases on my Lease Status page? Or what if I notice one of my leases is missing?
- How do I view the Lease Status Page in Occupier?
- How do I change my adoption date?
- How can I change my possession date and/or expiration date?
- When does my Lease Term start?
- Where/how do I input the Lease Term in Occupier?
- How do I calculate my Lease Term?
- What is a Lease term?
- What is the Lease Status Page?
- What is prepaid rent?
- What is the significance of the Details screen?
- What is the significance of the History screen?
- How to enter in multiple prepaid for non-consecutive months in Occupier?
- How to populate Account Configuration using "Copy from" function?
- How do I calculate an Immaterial lease?
Impairing a Lease
Lease Modifications
- How to handle Lease Terminations in Occupier?
- How to account for lease terminations?
- What are lease terminations?
- What are lease modifications?
- How to handle a Lease Modification
- How do I delete a lease measurement?
- Where/how do I change a "Pending Approval" or "Pending Changes" measurement in Occupier?
- When would I need to reassess a lease classification?
- How do I reassess a lease classification?
- Missing Information Accounting Error Message
- How to account for Lease Incentives received in Occupier?
Lease Accounting Reporting
- What is a trial balance?
- How can I export my trial balances?
- Why doesn't my Trial Balance report balances agree to my ERP balances?
- What should I do if my Trial Balance does not agree to Lease Amortization Schedule?
- How do I utilize the Journal Entries module?
- What is Closing the Books?
- How do I close the books using Occupier?
- What are disclosure reports?
- How do I run my disclosures using Occupier?
- What are the tabs included in the disclosures export?
- Why are some tabs blank in my disclosures report?
- What are amortization schedules?
- Where can I find my Amortization Schedules?
- Why is my amortization schedule "Not balanced"?
- How can I export my Amortization Schedule?
- How can I export my journal entries?
- How can I filter my journal entries?
- How can I configure the Journal Entries report?
- How can I change the format of the Journal Entry download?
- What is a Roll Forward report?
- How do I generate a Roll Forward Report in Occupier?
- Is it possible to download all lease amortization schedules?
- What is the Measurements report and how do I use it?
- Preparing for your Audit
- What does Asset Type Mean in Reports?