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 the 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

Subscribe to Weekly Updates on the New Lease Accounting Standards

Enter your work email address below to start getting tips and best practices on data collection, budget planning, and project strategies delivered straight to your inbox.