If you’ve ever sat down to record an IFRS 16 lease and felt a little overwhelmed, you’re not alone. This standard changed the way businesses account for leases, and while the concept makes sense on paper, the actual journal entries trip up even experienced accountants every single day. The good news? Most of the errors […]
Common Mistakes in IFRS 16 Journal Entries and How a Calculator Helps Read More »
April 12, 2026 | 5 min read A guide to one of the most misunderstood areas of lease accounting and why getting the split right matters more than you think. When a company signs a lease, it does not just gain the right to use an asset. It also takes on a financial obligation that
Short-Term vs Long-Term Lease Liability Classification Read More »
April 12, 2026 | 7 min read If you have ever leased an office, a piece of machinery, or even a fleet of company vehicles, you are dealing with accounting concepts that have changed quite a bit in recent years. Let us break down what a Right of Use Asset and a Lease Liability actually
Right of Use Asset and Lease Liability Read More »
12, April | 4 min read If you’ve ever signed a contract to use an asset a car, office space, or equipment, without actually buying it, you’ve entered a lease. But not all leases are the same. In accounting and finance, leases are classified into two types: operating leases and finance leases. And the difference
Operating Lease vs Finance Lease Liability: What’s the Difference? Read More »
April 11, 2026 | 8 min read If your business signs leases whether for office space, equipment, or vehicles you’ve probably come across two big accounting standards: ASC 842 and IFRS 16. Both changed how leases are recorded on balance sheets, but they don’t work exactly the same way. Let’s break it down in plain English. What Is
ASC 842 vs IFRS 16: Lease Liability Explained Read More »
April 10, 2026 | 9 min read Whether you’re a business owner, accountant, or finance student, understanding lease liability is essential. It affects how your company’s financial health looks on paper, and how investors and lenders perceive your balance sheet. Leasing assets is a common practice for businesses of all sizes. From renting office space
What is Lease Liability? A Complete Guide Read More »
