Lease Accounting Standard: Expense Lease

The following matrix provides an overview of the features in Property Lease Management and whether they satisfy the requirements for specific lease accounting standards for expense leases.

Expense Lease Table

	ASC 842	IFRS 16
Yes: This feature satisfies the lease accounting requirements. No: This feature currently does not satisfy the lease accounting requirements.
Lease and non-lease components	Yes	Yes
Short-term lease election	Yes	Not applicable
Low value threshold	Not applicable	No
Initial measurement - lease liability	Yes	Yes
Initial measurement - ROU asset	Yes	Yes
Initial measurement -existing lease balances adjustments	Yes	Yes
Operating leases	Yes	Not applicable
Finance leases	Yes	Yes
Initial direct cost	Yes	Yes
Initial lease incentives	Yes	Yes
Subsequent direct cost	Yes	Yes
Subsequent lease incentives	Yes	Yes
Variable lease charges	Yes	Yes
Sales-based rent	No	No
CPI price increase	No	No
ROU asset accumulative amortization	No	No
Residual value	Yes	Yes
Lease modifications	Yes	Yes
Lease termination	Yes	Yes
Disclosure reporting	Yes	No