Content Capital/finance lease vs. operating lease accounting treatment Lease Accounting How Does Equipment Leasing Work? How the Capitalized Lease Method Works Advantages of Capital Lease What is an operating lease? A quick definition of capital lease: Operating lease accounting changed in 2016 when the Federal Accounting Standards Board released ASC Topic 842, Leases. The new...Read More

Content LEGAL & POLICIES Why is encumbrance accounting needed? Related to Encumbrance accounting What is an example of an encumbrance? Examples of Encumbrance accounting in a sentence What is encumbrance accounting? When tracking your transactions and expenses, it is crucial to reflect your cash flow on your general ledger accurately. Vital analysis, reports, and audits...Read More