Black Owl Systems

Lessor Lease Accounting

Lessor Accounting Requirements

Standards - Black Owl supports Financial Accounting Standards Board (FASB) ASC 842, International Accounting Standards Board (IASB) IFRS 16, and Canadian Accounting Standards for Private Enterprises (ASPE) Section 3065

Financial Accounting Standards Board

FASB

Lease Types (ASC 842)

  • Sales-Type
  • Direct Financing
  • Operating
  • Implicate Rate Systems automatically calculates the implicate rate based on the term and conditions of the lessor agreement.
  • Sublease Easily create and track sublease agreements, including multiple levels of subleases.

International Accounting Standards Board

IASB

Lease Types (IFRS 16)

  • Finance
  • Operating
  • Implicate Rate Systems automatically calculates the implicate rate based on the term and conditions of the lessor agreement.
  • Sublease Easily create and track sublease agreements, including multiple levels of subleases.

Canadian Accounting Standards for Private Enterprises

ASPE

Lease Types (ASPE 3065)

  • Finance
  • Operating
  • Implicate Rate Systems automatically calculates the implicate rate based on the term and conditions of the lessor agreement.
  • Sublease Easily create and track sublease agreements, including multiple levels of subleases.