IFRS 16 and ASC 842 both eliminate off-balance-sheet operating leases, but the two standards diverge on lease classification, discount rates, short-term exemptions, and income statement presentation. If you report under both — or are switching — here’s the difference between IFRS 16 and ASC 842, line by line.
A free 5-tab Excel workbook that holds your entire month-end close in one place — 42 pre-populated tasks, 18 standard subledger reconciliations, JE log with sanity check, and printable sign-off with auto-tabulated close metrics.
A reliable month-end close comes down to a repeatable checklist and the right supporting schedules. Here’s the full sequence — from Day 1 through final signoff — with specific focus on the technical areas that trip up growing finance teams.
Everything a controller has to document to capitalize commissions under ASC 340-40 and survive the audit, built to match the workbook and drawn from the fact-checked guides on this site. Templates for the company’s own analysis, not advice.
Everything a controller needs to run ASC 842 in Excel — what counts as a lease, the five classification tests, the discount rate election, initial and subsequent measurement with one worked example, the journal entries, modifications, the disclosures, and where ASC 842 splits from IFRS 16. With links to the deep-dive guides and a workbook that ties to $0.