Asset Level Lease Accounting White Paper

Asset-Level Lease Accounting

Why It is Required by the ASC 842 and IFRS Lease Accounting Standards

Authored by:

Michael Keeler
CEO of LeaseAccelerator

Asset-level lease accounting is the process of recording transactions by generating debits and credits for each asset on a lease contract. Variations in asset scenarios are common with equipment leases and complex real estate leases. If you perform asset-level lease accounting, you can treat each asset as its own lease and capture the variability that naturally occurs in your operations.

Asset-Level Lease Accounting White Paper

This White Paper includes:

  • Differences between contract and asset level lease accounting
  • Examples of impacted decisions, judgments and events
  • Asset-level data needed at start, middle and end of term
  • Financial, tax and management accounting requirements
  • Key implementation challenges with data and accurate calculations

Examples Covered Include:

  • Blade Servers with Different End of Term Decisions
  • Lease Lines for Material Handling Equipment
  • Super-Asset Aggregation of Data Center Technology

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