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- Lease Accounting
- Understanding ASC 842 and IFRS 16
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Getting Started
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Lease Administration
- Equipment Leases
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Lease Accounting
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Transaction Management
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Broker Deals CRM
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Monthly Release Notes
Steps to Complete Initial Lease Measurement under ASC 842/IFS 16?
Once an entity has determined a contract is or contains a lease, you will recognize the initial Right-of-use Asset (ROU Asset) and Lease Liability at the Lease Commencement Date utilizing the steps below:
- Determine Lease Term
- Calculate Total Lease Consideration
- Select a Discount Rate
- Perform Lease Classification Test
- Recognize Lease ROU Asset and Liability
Refer to Occupier's additional articles discussing each of these steps in more detail.
If you're ready to measure your lease within Occupier, refer to this article.