Lease accounting concepts

The Accounting tab of the lease form allows you to specify the Financial Accounting Standards Board (FASB),International Accounting Standards Board (IASB), and Governmental Accounting Standards Board (GASB) information. This information includes the accounting details, borrowing rate, growth assumptions, rent component assumptions, and likely term option. This tab also calculates the lease treatment or lease classification for FASB-IASB-GASB. The form shows this tab only if you have access as a Lease Accountant role with a Real Estate Manager license.