Your Complete Resource for Lease Portfolio Management & Accounting Excellence
Welcome to the iLeasePro Knowledge Base - your comprehensive resource for mastering lease portfolio management and ASC 842, IFRS 16, and GASB 87 lease accounting standards. Whether you're implementing lease accounting software for the first time, preparing for an audit, or looking to optimize your lease portfolio management processes, you'll find expert guidance and practical solutions here.
Our knowledge base features in-depth articles, step-by-step guides, industry best practices, and regulatory updates curated by lease portfolio management and accounting professionals.
ASC 842 Audit Readiness
Prepare for lease accounting audits with checklists, documentation requirements, and strategies to avoid common deficiencies.
Lease Population Completeness
Ensure your lease population is complete with embedded lease identification, gap analysis, and validation procedures.
Lease Data Quality & Abstraction
Maintain accurate lease data with abstraction best practices, quality control frameworks, and error prevention strategies.
- The Importance of Lease Abstraction for Lessees
- The Lease Data an Abstract Should Include
- Essential Equipment Lease Terms
- Essential Fleet Vehicle Lease Terms
- Essential Real Estate Lease Terms
- What Software Do I Need for Lease Abstracting?
- Lease Abstracting Overview
- 10 Common ASC 842 Mistakes
- Avoiding ASC 842 Common Pitfalls
Discount Rates & Key Assumptions
Master incremental borrowing rate determination, documentation requirements, and audit defense strategies.
Lease Modifications & Remeasurements
Handle lease changes correctly with modification accounting guidance, remeasurement triggers, and documentation requirements.
Journal Entries, Reconciliations & Close
Streamline your close process with journal entry guidance, reconciliation procedures, and error prevention.
Disclosures & Financial Reporting
Meet ASC 842 disclosure requirements with guidance on quantitative disclosures, qualitative narratives, and audit documentation.
- ASC 842 Footnote Disclosures
- Financial Reporting Overview
- Balance Sheet
- Income Statement
- Statement of Cash Flows
- Statement of Shareholders Equity
- Notes to Financial Statements
- Management Discussion and Analysis (MD&A)
- Other Comprehensive Income (OCI) Statement
- How Does a Lease Balance Sheet Change After the New Standard?
Internal Controls & SOC 1
Establish robust lease accounting controls with SOC 1 considerations, control documentation, and deficiency remediation guidance.
Ongoing Governance & Risk Management
Maintain ongoing ASC 842 compliance with lifecycle management, change monitoring, and continuous compliance strategies.
- Monitoring Critical Lease Dates
- How to Never Miss Important Lease Dates
- Practical Expedients Under the ASC 842
- ASC 842 Short-Term Leases
- Transitioning From The ASC 840 to ASC 842 Standard
- Top 10 Year-End Lease Accounting Challenges
- Top Challenges in Lease Management
- Impact of Not Complying with ASC 842
Comprehensive Guides
ASC 842 Standards & Classification
Lease Accounting Software
- Lease Accounting
- What Does Lease Accounting Software Do?
- Key Features of A Lease Accounting Software
- Scaling Your Lease Accounting Software to Your Business Needs
- How to Select the Right Lease Solution
- How to Set Up Lease Accounting Software
- What is the Best Lease Accounting Software?
- ASC 842 Software
- FASB Lease Accounting Software
Lease Management
Lease Analysis
- Lease Analysis 101
- Lease Analysis: The Financial Metrics
- Mastering Lease Analysis For CFOs
- Mastering Lease Analysis For Property Managers
- Mastering Hospitality Lease Analysis
- Mastering Manufacturing Lease Analysis
- Mastering Oil & Gas Lease Analysis
- Mastering Retail Lease Analysis
- Mastering Fleet Vehicle Lease Analysis
- Mastering Commercial Real Estate Lease Analysis
- iLeasePro's Lease Analysis Capabilities