ASC 842- Initial Recognition Examples

[@nicholassergon]

Wow! This was super super super helpful! Thank you so much for taking the time to explain and taking the time to put together the spreadsheet!

[@occupier]

Glad you found this helpful, Nicholas! If you are in need of additional lease accounting content, check out our ASC 842 resource hub: www.occupier.com/lease-accounting-compliance-hub/

[@Voluntarioeterno]

Great explanation! Thank you. It would be great if we can go through the spreadsheet.

[@occupier]

Thanks for tuning in, Diego! Lauren is presenting this topic in our May 5th Webinar with MyCPE: Introduction to the Fundamentals of ASC 842. Register here: bit.ly/3rA22KW

[@robertviloria773]

How do i get a copy of your spreadsheet?

[@occupier]

@@robertviloria773 Hi Robert! Email us at [e-mail] and we can send it your way.

[@potatopatatas27]

Hi, how about the commencement entry for operating leases with prepaid rent?

[@occupier]

Hi there - For that entry you would credit the prepaid rent to remove it and debit the ROU Asset for the same amount.

[@MkaysJennifer]

Hi! Where can I get a copy of this spreadsheet?

[@occupier]

Email us at [e-mail] or download it here: www.occupier.com/lease-amortization-schedule/