ROU Asset

The ASC 842 Lease Accounting Workbook handles your full lease portfolio — ROU asset calculation, lease liability amortization, period journal entries, balance sheet rollforward, and disclosure table — in a single audit-ready Excel file.

The ROU asset at commencement equals the lease liability plus initial direct costs plus prepaid rent minus lease incentives received. Most teams get the lease liability right but miss the adjustments. Here’s how to calculate it correctly.