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.
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.