An Asset Retirement Obligation (ARO) is a liability you must manage when handling long-lived physical assets. As a company or entity utilizing substantial infrastructure or

The year-end close process is a pivotal juncture for accounting professionals, and its significance is magnified within the specialized field of lease accounting. Far from

Lease Accounting For Finance Transformation: The finance landscape is undergoing a seismic shift, with finance transformation becoming a strategic necessity for organizations seeking agility and

The implementation of ASC 842 brings about changes to lease accounting standards that directly impact both lessors and lessees. As a lessor, understanding the implications

How does ASC 842 affect EBITDA? The adoption of ASC 842, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB), has

In the complex world of lease-related processes, it’s crucial for finance and accounting professionals to distinguish between lease management and lease accounting systems. These two

Lease accounting standards have significantly changed in recent years, resulting in new rules and calculations for right-of-use (ROU) assets and lease liabilities. Lessees and lessors

Straight-line depreciation is a crucial concept in accounting, allowing businesses to spread the cost of an asset over its useful life. This method is widely

In the world of finance and accounting, effective asset management for both fixed assets and leased assets is the cornerstone of revenue generation. However, it’s

In the realm of finance and accounting, the importance of lease amortization schedules is paramount. This strategic financial tool helps in structuring lease payments, ensuring

In today’s evolving business landscape, CFOs and their teams face a myriad of challenges. Among these, are the challenges around lease accounting including lease modifications

Introduction For new finance leaders stepping into fresh roles, or for seasoned professionals gearing up for finance transformation, there’s an uncharted territory that promises significant

When we mention lease accounting software, the immediate association is with financial reporting. Given the complexities and ever-evolving standards like IFRS 16 and ASC 842,

lessee vs lessor

In this article, we explore lessee vs lessor intricacies of ASC 842. At Black Owl Systems, we constantly stay updated with the latest industry standards

By Black Owl Systems The ever-evolving world of accounting has witnessed a plethora of changes, particularly for finance lease vs operating lease in lease accounting