Operating lease disclosure example & ASC 842 requirements
Understanding and reporting lease information is no longer just a formality - it's a compliance requirement. Under new accounting standards like ASC 842, IFRS 16, and AASB 16, companies must present clear, detailed lease disclosures in their financial statements.
This guide explains what lease disclosures are, what ASC 842 requires, and how to prepare an operating lease disclosure example. We'll also look at how tools like SOFT4Lessee simplify the process through automation and ERP integration.
Understanding lease disclosure in financial statements
Lease disclosure is the information companies must include in their financial statements about leased assets and liabilities. These disclosures make it easier for stakeholders, investors, regulators, auditors, to see how leases impact the business.
ASC 842 and IFRS 16 both require companies to disclose detailed information about finance and operating leases. These disclosures include:
Future lease payments
Lease cost
Right-of-use (ROU) assets
Lease liabilities
Other lease-related commitments
This isn’t just a checkbox. Lease disclosure in financial statements is critical for transparency. Companies must show how leasing affects their cash flow, balance sheet, and overall financial health.
A typical lease disclosure will include quantitative data grouped into four buckets:
Lease costs – including finance lease cost, operating lease cost, short-term lease cost, and variable lease cost.
Cash flow information – such as lease payments made and how they’re classified.
Lease balances – including lease liabilities and right-of-use assets.
Maturity analysis – future lease obligations by year.
Some solutions, like iLeasePro, also highlight how important it is to include footnote disclosures to explain unusual lease terms or accounting choices. Failing to disclose properly may result in audit flags, fines, or a need to restate financials. Comprehensive, accurate lease disclosures build stakeholder trust.
The lease disclosure requirements under ASC 842 are more complex than under the previous standard. But they provide a clearer picture of a company's financial obligations and improve transparency.
ASC 842 disclosure requirements: key elements
Industry-specific lease disclosure challenges
Different industries face unique challenges when applying ASC 842 disclosure requirements. For example, retail chains often deal with high volumes of short-term and variable leases across numerous locations. Transportation and logistics companies may manage finance leases for fleet vehicles or aircraft. These complexities affect how lease terms, liability recognition, and future obligations are disclosed. Understanding your industry's patterns can help you tailor disclosures more effectively and avoid compliance issues.
ASC 842 introduced new rules for how companies report leases. It replaced ASC 840 and brought most leases onto the balance sheet. This affects both the lessee and lessor.
Here are the main ASC 842 disclosure requirements:
1. Lease cost
Disclose the total lease cost by type:
Operating lease cost
Finance lease cost
Short-term lease cost
Variable lease cost
Sublease income, if applicable
2. Right-of-use (ROU) asset and lease liability
These must be shown on the balance sheet. Companies must disclose:
Opening balances
Changes during the year
Closing balances
3. Maturity analysis
You must show the future lease payments due by year (for at least five years), along with the present value of those payments.
4. Weighted averages
Provide:
Weighted-average lease term
Weighted-average discount rate
These give context for how long the leases last and how they’re discounted.
5. Cash flow data
Disclose lease payments, separated by type of lease and cash flow category (operating or financing).
6. Comparative disclosures
In the year of adoption, ASC 842 allows a company to present comparative disclosures under ASC 840. This helps readers compare year-over-year changes.
Using software for ASC 842 compliance
Experts like Kiley Arnold, CPA, emphasize how lease accounting software helps manage ASC 842 disclosures. It organizes leases by class and generates reports quickly.
A good system will group lease data into the required disclosure “buckets,” prepare comparative disclosures, and keep your numbers accurate. Tools can also generate an ASC 842 disclosure example, saving teams hours of manual effort.
Operating lease disclosure example
Internal controls and audit preparedness
Reliable lease disclosures depend on strong internal controls. Companies should document lease assumptions, approval processes, and policy decisions to support their numbers. Audit teams expect full traceability from lease agreements to financial statements. Software like SOFT4Lessee helps by maintaining a detailed audit trail, managing documentation, and automating controls. This builds trust and simplifies audits.
Here’s a basic operating lease disclosure example prepared under ASC 842. This structure follows common real-world formats. This also serves as an ASC 842 lease disclosure example.
Example Disclosure – ABC Corporation (Year Ended December 31, 2024)
Lease Costs
Description Amount (USD)
Operating lease cost $120,000
Variable lease cost $15,000
Short-term lease cost $10,000
Total lease cost $145,000
Cash Flow Impact
Lease payments included in operating activities: $120,000
Lease Balances
Description Amount (USD)
Operating lease liabilities $550,000
Right-of-use assets $540,000
Maturity Analysis of Lease Liabilities
Year Amount (USD)
2025 $110,000
2026 $110,000
2027 $110,000
2028 $110,000
2029 $110,000
Thereafter $0
Total future lease payments $550,000
Weighted Averages
Weighted-average lease term: 5 years
Weighted-average discount rate: 4%
Footnotes
ABC Corporation leases office space under non-cancelable agreements classified as operating leases. Rent escalations and variable costs are included in lease expenses. This example illustrates the key points required in ASC 842 disclosure examples.
Common disclosure mistakes to avoid
Leaving out footnotes – these explain the numbers and support transparency.
Omitting contingent rent – variable lease costs must be disclosed.
Not reconciling totals – all subtotals should match the main financial statements.
Incorrect classification – make sure to separate operating and finance leases.
Automated tools help avoid these mistakes by preparing disclosure templates and populating them directly from your lease data. This ensures full compliance with ASC 842 disclosure requirements.
How SOFT4Lessee simplifies lease disclosure
SOFT4Lessee is lease accounting software that helps companies comply with ASC 842, IFRS 16, and AASB 16. It automates much of the disclosure process, reducing manual work and improving accuracy.
Key features:
Automated lease calculations – Calculates lease liability, ROU asset, interest expense, and amortization.
ERP integration – Works with Microsoft Dynamics 365, SAP, Oracle NetSuite, Sage, Xero, and more.
Disclosure templates – Generates required ASC 842 disclosures including operating lease disclosure examples.
Multi-entity and multi-currency support – Handles group-level reporting with ease.
Audit trail and document management – Keeps all lease data and approvals in one place.
Comparative disclosures – Supports ASC 840 vs ASC 842 side-by-side reporting.
Remeasurement support – Automates updates for lease modifications.
This reduces errors, speeds up reporting, and keeps you ready for audit reviews. Like iLeasePro, SOFT4Lessee also improves disclosure accuracy but with added depth through its ERP-native design. Whether you need an ASC 842 disclosure example or full lease disclosure reports, this tool can help.
Ensuring compliance through automation and integration
Lease disclosure for private companies
Many private companies are just now implementing ASC 842. While they follow the same standards as public firms, they often operate with fewer resources. That makes automation even more important. Lease accounting tools like SOFT4Lessee allow small and mid-sized finance teams to comply with ASC 842 disclosure requirements without manual work. Automation simplifies compliance, ensures accuracy, and helps private firms stay audit-ready.
Manual disclosure preparation is time-consuming and prone to errors. Automating the process can help you stay compliant with less effort.
Benefits of automation
Real-time updates – Lease modifications trigger automatic remeasurement.
Accurate journal entries – Lease-related costs post directly to your general ledger.
Improved consistency – Data flows from lease inception to financial statements.
Audit-ready – Maintains complete audit trails and reports.
Speed – Cuts reporting cycles, helping you close faster.
By integrating lease data with your ERP system, you ensure everything from initial setup to disclosure is seamless. This helps companies adapt quickly to regulatory changes and avoid penalties.
Transitioning to ASC 842: Best practices and pitfalls
Switching to ASC 842 isn’t always easy. Many companies struggle with the transition, especially when managing many leases.
You can choose from two main transition methods:
Effective Date Method – Apply ASC 842 from the date of adoption without restating prior periods.
Comparative Method – Restate prior periods under ASC 842 for a full year-to-year comparison.
Each has pros and cons. The Comparative Method gives more insight, but it takes more time.
Here are a few transition tips:
Start early – Lease abstraction takes time.
Centralize lease data – Use a tool like SOFT4Lessee to gather all agreements in one place.
Simulate scenarios – Run test transitions to see how disclosures will look.
Review internal controls – Ensure approval workflows and audit trails are in place.
SOFT4Lessee includes features for simulating the transition to ASC 842, which can reduce risk and speed up adoption. Whether you're preparing lease disclosures or ASC 842 disclosure examples, the right tool makes a difference.
International standards: IFRS 16, AASB 16, ASC 842, NZ IFRS 16, and IFRS 102 at a glance
Many global companies also follow IFRS 16 or AASB 16. These standards are similar to ASC 842 but have some differences.
IFRS 16 (International)
IFRS 16 is the international lease accounting standard issued by the International Accounting Standards Board (IASB). It applies to entities preparing financial statements under International Financial Reporting Standards (IFRS). Under IFRS 16, lessees are required to recognize nearly all leases on the balance sheet as right-of-use (ROU) assets and lease liabilities, eliminating the former distinction between operating and finance leases for lessees. Disclosures must include lease terms, payments, interest expense, variable payments, and a maturity analysis. The objective is to enhance transparency and comparability across global entities.
AASB 16 (Australia)
AASB 16 is the Australian equivalent of IFRS 16, issued by the Australian Accounting Standards Board. It applies to all reporting entities in Australia that prepare financial statements in accordance with Australian Accounting Standards. Like IFRS 16, AASB 16 eliminates the distinction between operating and finance leases for lessees and requires recognition of ROU assets and lease liabilities. Disclosures must include detailed information on lease costs, cash flows, and asset balances. The standard aligns with IFRS 16 but includes additional local guidance where applicable for Australian entities.
ASC 842 (United States)
ASC 842 is the lease accounting standard issued by the Financial Accounting Standards Board (FASB) for U.S. entities. It requires lessees to recognize right-of-use (ROU) assets and lease liabilities on the balance sheet for both operating and finance leases. The standard brings greater transparency but also increases the complexity of disclosures. It includes specific guidance for transition, comparative disclosures, and extensive quantitative details.
NZ IFRS 16 (New Zealand)
NZ IFRS 16 is based on IFRS 16 and is applicable to entities reporting under New Zealand GAAP. It aligns closely with the international IFRS 16 standard, requiring most leases to be capitalized on the balance sheet. NZ IFRS 16 aims to provide consistency in lease reporting and help financial statement users better understand a company's financial position. Entities must disclose lease costs, future commitments, and any exemptions used (like short-term leases).
SOFT4Lessee supports all these standards: ASC 842, IFRS 16, AASB 16, NZ IFRS 16, so you can manage leases globally with one tool.
Frequently asked questions about lease disclosures
What are the main disclosure requirements under ASC 842?
ASC 842 requires companies to disclose lease costs, future payment obligations, weighted averages, cash flow impacts, ROU assets, and lease liabilities. You also need to show a maturity analysis and include relevant footnotes. These are the key lease disclosure requirements.
How do I prepare an operating lease disclosure example?
Start with the lease cost breakdown, cash flow details, and maturity schedule. Include weighted-average lease term and discount rate. Use software like SOFT4Lessee to generate the disclosure automatically. You can also refer to sample ASC 842 disclosure examples.
What is the difference between finance and operating lease disclosures?
Finance leases include interest and amortization disclosures. Operating leases only show a single lease cost in the income statement. Both require balance sheet reporting of ROU assets and lease liabilities under ASC 842.
Which reports are needed for lease disclosure compliance?
You need:
Lease cost summaries
Maturity analysis
Cash flow classification
ROU asset and liability balances
Weighted averages
Comparative disclosures (during transition)
Sample ASC 842 disclosure example (as a benchmark)
How does SOFT4Lessee automate lease disclosure reporting?
SOFT4Lessee calculates all required metrics, populates ASC 842 disclosure templates, integrates with ERP systems, and maintains an audit trail. It supports operating and finance lease disclosures across multiple entities.
When lease data is centralized and accurate, it becomes a valuable resource for decision-making. Finance teams can analyze lease costs across locations, evaluate lease vs. buy options, or plan future cash flow impacts. Tools like SOFT4Lessee unlock these insights through reporting and scenario planning. Businesses that treat disclosure as a strategic asset, not just a regulatory burden, gain a competitive edge.
Why accurate lease disclosures matter
Lease disclosure isn’t just a task - it's a responsibility. Clear, compliant lease disclosures under ASC 842 and other standards help your business stay transparent, audit-ready, and trusted by stakeholders.
Tools like SOFT4Lessee make this process easier. They reduce errors, save time, and support global compliance with ASC 842, IFRS 16, and AASB 16.
If you’re looking to improve your lease disclosures and avoid compliance issues, it might be time to explore an automated solution that’s built for modern finance teams. Whether you need an operating lease disclosure example or a detailed ASC 842 lease disclosure example, the right tools can save time and ensure accuracy.
Related articles
Operating lease disclosure example & ASC 842 requirements
Understanding and reporting lease information is no longer just a formality - it's a compliance requirement. Under new accounting standards like ASC 842, IFRS 16, and AASB 16, companies must present clear, detailed lease disclosures in their financial statements.
This guide explains what lease disclosures are, what ASC 842 requires, and how to prepare an operating lease disclosure example. We'll also look at how tools like SOFT4Lessee simplify the process through automation and ERP integration.
Understanding lease disclosure in financial statements
Lease disclosure is the information companies must include in their financial statements about leased assets and liabilities. These disclosures make it easier for stakeholders, investors, regulators, auditors, to see how leases impact the business.
ASC 842 and IFRS 16 both require companies to disclose detailed information about finance and operating leases. These disclosures include:
Future lease payments
Lease cost
Right-of-use (ROU) assets
Lease liabilities
Other lease-related commitments
This isn’t just a checkbox. Lease disclosure in financial statements is critical for transparency. Companies must show how leasing affects their cash flow, balance sheet, and overall financial health.
A typical lease disclosure will include quantitative data grouped into four buckets:
Lease costs – including finance lease cost, operating lease cost, short-term lease cost, and variable lease cost.
Cash flow information – such as lease payments made and how they’re classified.
Lease balances – including lease liabilities and right-of-use assets.
Maturity analysis – future lease obligations by year.
Some solutions, like iLeasePro, also highlight how important it is to include footnote disclosures to explain unusual lease terms or accounting choices. Failing to disclose properly may result in audit flags, fines, or a need to restate financials. Comprehensive, accurate lease disclosures build stakeholder trust.
The lease disclosure requirements under ASC 842 are more complex than under the previous standard. But they provide a clearer picture of a company's financial obligations and improve transparency.
ASC 842 disclosure requirements: key elements
Industry-specific lease disclosure challenges
Different industries face unique challenges when applying ASC 842 disclosure requirements. For example, retail chains often deal with high volumes of short-term and variable leases across numerous locations. Transportation and logistics companies may manage finance leases for fleet vehicles or aircraft. These complexities affect how lease terms, liability recognition, and future obligations are disclosed. Understanding your industry's patterns can help you tailor disclosures more effectively and avoid compliance issues.
ASC 842 introduced new rules for how companies report leases. It replaced ASC 840 and brought most leases onto the balance sheet. This affects both the lessee and lessor.
Here are the main ASC 842 disclosure requirements:
1. Lease cost
Disclose the total lease cost by type:
Operating lease cost
Finance lease cost
Short-term lease cost
Variable lease cost
Sublease income, if applicable
2. Right-of-use (ROU) asset and lease liability
These must be shown on the balance sheet. Companies must disclose:
Opening balances
Changes during the year
Closing balances
3. Maturity analysis
You must show the future lease payments due by year (for at least five years), along with the present value of those payments.
4. Weighted averages
Provide:
Weighted-average lease term
Weighted-average discount rate
These give context for how long the leases last and how they’re discounted.
5. Cash flow data
Disclose lease payments, separated by type of lease and cash flow category (operating or financing).
6. Comparative disclosures
In the year of adoption, ASC 842 allows a company to present comparative disclosures under ASC 840. This helps readers compare year-over-year changes.
Using software for ASC 842 compliance
Experts like Kiley Arnold, CPA, emphasize how lease accounting software helps manage ASC 842 disclosures. It organizes leases by class and generates reports quickly.
A good system will group lease data into the required disclosure “buckets,” prepare comparative disclosures, and keep your numbers accurate. Tools can also generate an ASC 842 disclosure example, saving teams hours of manual effort.
Operating lease disclosure example
Internal controls and audit preparedness
Reliable lease disclosures depend on strong internal controls. Companies should document lease assumptions, approval processes, and policy decisions to support their numbers. Audit teams expect full traceability from lease agreements to financial statements. Software like SOFT4Lessee helps by maintaining a detailed audit trail, managing documentation, and automating controls. This builds trust and simplifies audits.
Here’s a basic operating lease disclosure example prepared under ASC 842. This structure follows common real-world formats. This also serves as an ASC 842 lease disclosure example.
Example Disclosure – ABC Corporation (Year Ended December 31, 2024)
Lease Costs
Description Amount (USD)
Operating lease cost $120,000
Variable lease cost $15,000
Short-term lease cost $10,000
Total lease cost $145,000
Cash Flow Impact
Lease payments included in operating activities: $120,000
Lease Balances
Description Amount (USD)
Operating lease liabilities $550,000
Right-of-use assets $540,000
Maturity Analysis of Lease Liabilities
Year Amount (USD)
2025 $110,000
2026 $110,000
2027 $110,000
2028 $110,000
2029 $110,000
Thereafter $0
Total future lease payments $550,000
Weighted Averages
Weighted-average lease term: 5 years
Weighted-average discount rate: 4%
Footnotes
ABC Corporation leases office space under non-cancelable agreements classified as operating leases. Rent escalations and variable costs are included in lease expenses. This example illustrates the key points required in ASC 842 disclosure examples.
Common disclosure mistakes to avoid
Leaving out footnotes – these explain the numbers and support transparency.
Omitting contingent rent – variable lease costs must be disclosed.
Not reconciling totals – all subtotals should match the main financial statements.
Incorrect classification – make sure to separate operating and finance leases.
Automated tools help avoid these mistakes by preparing disclosure templates and populating them directly from your lease data. This ensures full compliance with ASC 842 disclosure requirements.
How SOFT4Lessee simplifies lease disclosure
SOFT4Lessee is lease accounting software that helps companies comply with ASC 842, IFRS 16, and AASB 16. It automates much of the disclosure process, reducing manual work and improving accuracy.
Key features:
Automated lease calculations – Calculates lease liability, ROU asset, interest expense, and amortization.
ERP integration – Works with Microsoft Dynamics 365, SAP, Oracle NetSuite, Sage, Xero, and more.
Disclosure templates – Generates required ASC 842 disclosures including operating lease disclosure examples.
Multi-entity and multi-currency support – Handles group-level reporting with ease.
Audit trail and document management – Keeps all lease data and approvals in one place.
Comparative disclosures – Supports ASC 840 vs ASC 842 side-by-side reporting.
Remeasurement support – Automates updates for lease modifications.
This reduces errors, speeds up reporting, and keeps you ready for audit reviews. Like iLeasePro, SOFT4Lessee also improves disclosure accuracy but with added depth through its ERP-native design. Whether you need an ASC 842 disclosure example or full lease disclosure reports, this tool can help.
Ensuring compliance through automation and integration
Lease disclosure for private companies
Many private companies are just now implementing ASC 842. While they follow the same standards as public firms, they often operate with fewer resources. That makes automation even more important. Lease accounting tools like SOFT4Lessee allow small and mid-sized finance teams to comply with ASC 842 disclosure requirements without manual work. Automation simplifies compliance, ensures accuracy, and helps private firms stay audit-ready.
Manual disclosure preparation is time-consuming and prone to errors. Automating the process can help you stay compliant with less effort.
Benefits of automation
Real-time updates – Lease modifications trigger automatic remeasurement.
Accurate journal entries – Lease-related costs post directly to your general ledger.
Improved consistency – Data flows from lease inception to financial statements.
Audit-ready – Maintains complete audit trails and reports.
Speed – Cuts reporting cycles, helping you close faster.
By integrating lease data with your ERP system, you ensure everything from initial setup to disclosure is seamless. This helps companies adapt quickly to regulatory changes and avoid penalties.
Transitioning to ASC 842: Best practices and pitfalls
Switching to ASC 842 isn’t always easy. Many companies struggle with the transition, especially when managing many leases.
You can choose from two main transition methods:
Effective Date Method – Apply ASC 842 from the date of adoption without restating prior periods.
Comparative Method – Restate prior periods under ASC 842 for a full year-to-year comparison.
Each has pros and cons. The Comparative Method gives more insight, but it takes more time.
Here are a few transition tips:
Start early – Lease abstraction takes time.
Centralize lease data – Use a tool like SOFT4Lessee to gather all agreements in one place.
Simulate scenarios – Run test transitions to see how disclosures will look.
Review internal controls – Ensure approval workflows and audit trails are in place.
SOFT4Lessee includes features for simulating the transition to ASC 842, which can reduce risk and speed up adoption. Whether you're preparing lease disclosures or ASC 842 disclosure examples, the right tool makes a difference.
International standards: IFRS 16, AASB 16, ASC 842, NZ IFRS 16, and IFRS 102 at a glance
Many global companies also follow IFRS 16 or AASB 16. These standards are similar to ASC 842 but have some differences.
IFRS 16 (International)
IFRS 16 is the international lease accounting standard issued by the International Accounting Standards Board (IASB). It applies to entities preparing financial statements under International Financial Reporting Standards (IFRS). Under IFRS 16, lessees are required to recognize nearly all leases on the balance sheet as right-of-use (ROU) assets and lease liabilities, eliminating the former distinction between operating and finance leases for lessees. Disclosures must include lease terms, payments, interest expense, variable payments, and a maturity analysis. The objective is to enhance transparency and comparability across global entities.
AASB 16 (Australia)
AASB 16 is the Australian equivalent of IFRS 16, issued by the Australian Accounting Standards Board. It applies to all reporting entities in Australia that prepare financial statements in accordance with Australian Accounting Standards. Like IFRS 16, AASB 16 eliminates the distinction between operating and finance leases for lessees and requires recognition of ROU assets and lease liabilities. Disclosures must include detailed information on lease costs, cash flows, and asset balances. The standard aligns with IFRS 16 but includes additional local guidance where applicable for Australian entities.
ASC 842 (United States)
ASC 842 is the lease accounting standard issued by the Financial Accounting Standards Board (FASB) for U.S. entities. It requires lessees to recognize right-of-use (ROU) assets and lease liabilities on the balance sheet for both operating and finance leases. The standard brings greater transparency but also increases the complexity of disclosures. It includes specific guidance for transition, comparative disclosures, and extensive quantitative details.
NZ IFRS 16 (New Zealand)
NZ IFRS 16 is based on IFRS 16 and is applicable to entities reporting under New Zealand GAAP. It aligns closely with the international IFRS 16 standard, requiring most leases to be capitalized on the balance sheet. NZ IFRS 16 aims to provide consistency in lease reporting and help financial statement users better understand a company's financial position. Entities must disclose lease costs, future commitments, and any exemptions used (like short-term leases).
SOFT4Lessee supports all these standards: ASC 842, IFRS 16, AASB 16, NZ IFRS 16, so you can manage leases globally with one tool.
Frequently asked questions about lease disclosures
What are the main disclosure requirements under ASC 842?
ASC 842 requires companies to disclose lease costs, future payment obligations, weighted averages, cash flow impacts, ROU assets, and lease liabilities. You also need to show a maturity analysis and include relevant footnotes. These are the key lease disclosure requirements.
How do I prepare an operating lease disclosure example?
Start with the lease cost breakdown, cash flow details, and maturity schedule. Include weighted-average lease term and discount rate. Use software like SOFT4Lessee to generate the disclosure automatically. You can also refer to sample ASC 842 disclosure examples.
What is the difference between finance and operating lease disclosures?
Finance leases include interest and amortization disclosures. Operating leases only show a single lease cost in the income statement. Both require balance sheet reporting of ROU assets and lease liabilities under ASC 842.
Which reports are needed for lease disclosure compliance?
You need:
Lease cost summaries
Maturity analysis
Cash flow classification
ROU asset and liability balances
Weighted averages
Comparative disclosures (during transition)
Sample ASC 842 disclosure example (as a benchmark)
How does SOFT4Lessee automate lease disclosure reporting?
SOFT4Lessee calculates all required metrics, populates ASC 842 disclosure templates, integrates with ERP systems, and maintains an audit trail. It supports operating and finance lease disclosures across multiple entities.
When lease data is centralized and accurate, it becomes a valuable resource for decision-making. Finance teams can analyze lease costs across locations, evaluate lease vs. buy options, or plan future cash flow impacts. Tools like SOFT4Lessee unlock these insights through reporting and scenario planning. Businesses that treat disclosure as a strategic asset, not just a regulatory burden, gain a competitive edge.
Why accurate lease disclosures matter
Lease disclosure isn’t just a task - it's a responsibility. Clear, compliant lease disclosures under ASC 842 and other standards help your business stay transparent, audit-ready, and trusted by stakeholders.
Tools like SOFT4Lessee make this process easier. They reduce errors, save time, and support global compliance with ASC 842, IFRS 16, and AASB 16.
If you’re looking to improve your lease disclosures and avoid compliance issues, it might be time to explore an automated solution that’s built for modern finance teams. Whether you need an operating lease disclosure example or a detailed ASC 842 lease disclosure example, the right tools can save time and ensure accuracy.