Leasing

CAFM-Blog.de | IFRS 16: New Rules for Lease Agreements

IFRS 16: New Rules for Lease Agreements

IFRS 16, which came into effect in January 2019, represents a significant change in the accounting for lease agreements. The standard was developed by the International Accounting Standards Board (IASB) to increase transparency and comparability in financial reporting. Before the introduction of IFRS 16, companies had to distinguish between operating leases and finance leases, which often led to an incomplete representation of financial obligations. With the new regulation, a [...]

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CAFM-Blog.de | Lease Accounting: New Rules and Implications

Lease Accounting: New Rules and Implications

Lease accounting is a central aspect of financial reporting that is of great importance to companies. It refers to the way lease agreements are recorded and presented in a company's financial statements. Leasing is a widespread form of financing that allows companies to use assets without directly purchasing them. This can be particularly advantageous for companies that want to conserve their liquidity while gaining access to modern technologies

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CAFM-Blog.de | What is GASB 87 Lease?

What is GASB 87 Leasing?

The new GASB 87 lease accounting standard is a significant innovation in accounting for government agencies and public sector organizations. The Governmental Accounting Standards Board (GASB) developed this standard to improve the recognition and reporting of lease arrangements in the financial statements of government entities. GASB 87 became effective on December 15, 2019, and has significant implications for the accounting and financial reporting of government organizations. The new standard replaces GASB 13 and introduces essential

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CAFM-Blog.de | Retrofit Charging Station for Electric Cars in Commercial Properties

Retrofitting charging stations for electric cars in commercial properties

Electromobility is on the rise and gaining increasing importance. More and more people are opting for an electric car, whether for ecological reasons or due to rising gasoline prices. Companies are also increasingly recognizing the advantages of electric vehicles and investing in their own electric fleet. This also entails the need to provide charging stations for these vehicles. The subsequent installation of charging stations in commercial properties offers numerous advantages for companies and

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CAFM-Blog.de | What is the difference between operating leasing and finance leasing?

What is the difference between operating lease and finance lease?

Leasing is an important financing method for companies, especially for those that need to make large investments but do not have sufficient capital. It allows them to use assets such as machinery, vehicles, or real estate without purchasing them. There are different types of lease agreements, including operating leases and finance leases. In this article, we will examine the differences between these two types of lease agreements and analyze their impact on companies. Key Takeaways

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CAFM-Blog.de | IFRS 16 Leases: What companies need to know about the new regulations

IFRS 16 Leases: What Companies Need to Know About the New Regulations

International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB). One of the latest standards is IFRS 16, which came into effect in January 2019. This standard has significant implications for the accounting of lease agreements and is therefore of great importance for companies. What is IFRS 16 and why was it introduced? IFRS 16 is an accounting standard,

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CAFM-Blog.de | Leasing decree: How you can benefit from the flexibility of leasing

Leasing Decree: How to Benefit from the Flexibility of Leasing

Leasing is a popular financing option for companies, as it allows them to use the equipment they need without having to purchase it. It offers many advantages, such as lower initial costs and flexibility in updating equipment. An important regulation in Germany that supports companies in using leasing is the leasing decree (Leasingerlass). In this article, we will provide a detailed overview of the leasing decree and how it works. What

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CAFM-Blog.de | IFRS 16 example: How the new lease accounting changes financial reporting

IFRS 16 Example: How New Lease Accounting Changes Financial Reporting

The International Financial Reporting Standards (IFRS) are internationally recognized accounting standards applied by companies worldwide. One of the latest standards is IFRS 16, which concerns the accounting of lease agreements. This standard was developed to improve the transparency and comparability of financial information and to provide investors with a better basis for their decisions. In this article, we will take a closer look at IFRS 16 and

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CAFM-Blog.de | IFRS 16 Leases: What you should know about the new regulations

IFRS 16 Leasing: What You Should Know About the New Regulations

IFRS 16 Leasing is an international accounting standard that governs the accounting for lease relationships. This standard was developed by the International Accounting Standards Board (IASB) and came into effect on January 1, 2019. IFRS 16 Leasing is of great importance for companies, as it changes the way lease relationships are recorded in financial statements. It is therefore important for companies to develop an understanding of IFRS 16 Leasing in order to

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