Articles

Greg Kautz

Flair Airlines Selects Black Owl Systems for IFRS 16 Lease Accounting

Greg Kautz June 8, 2026

Calgary, Alberta – June 8, 2026 – Black Owl Systems is pleased to announce that Flair

Finance lease vs operating lease: 5 key differences under ASC 842 including ownership transfer, purchase option, and lease term

Understanding Finance Lease vs Operating Lease: A Comprehensive Overview

Greg Kautz June 2, 2026

A finance lease transfers the risks and rewards of ownership to the lessee, while an operating

What makes up a right-of-use asset under ASC 842: prepaid rent, lease liability, and initial direct costs combine to form the ROU asset

Prepaid Rent Under ASC 842: Accounting Treatment, Journal Entries & Examples

Greg Kautz June 1, 2026

Under ASC 842, prepaid rent is no longer recorded as a separate asset on the balance

How straight-line depreciation works: 3-step method to calculate annual depreciation expense

Straight-Line Depreciation: Formula and Example (2026)

Greg Kautz May 28, 2026

Straight-line depreciation spreads the cost of an asset evenly across its useful life. The formula is

7 Signs Your Business Needs Lease Accounting Software (and When to Make the Switch)

7 Signs Your Business Needs Lease Accounting Software (and When to Make the Switch)

Greg Kautz May 26, 2026

Why Do Finance Teams Outgrow Spreadsheets for Lease Accounting? Every finance team I have spoken to

Lease accounting before vs after ASC 842: the introduction of right-of-use assets and lease liabilities on the balance sheet

How Right-of-Use Assets and Lease Liabilities Work (ASC 842, IFRS 16, GASB 87)

Greg Kautz May 21, 2026

A right-of-use (ROU) asset is the right to use a leased asset over the lease term.

What Happens When a Lease is Terminated Early (Accounting, Impact, and Key Considerations)

What Happens When a Lease is Terminated Early? (Accounting, Impact, and Key Considerations)

Greg Kautz May 19, 2026

Why Does Early Lease Termination Matter in Accounting? Most leases do not end quietly. A business

What makes up a right-of-use asset under ASC 842: prepaid rent, lease liability, and initial direct costs combine to form the ROU asset

Lease Accounting Journal Entries (2026): Complete ASC 842 & IFRS 16 Guide with Examples

Greg Kautz May 14, 2026

Key takeaways Both ASC 842 and IFRS 16 require lessees to record an ROU asset and

How Lease Accounting Impacts Financial Ratios (and Why It Matters More Than You Think)

How Lease Accounting Impacts Financial Ratios (and Why It Matters More Than You Think)

Greg Kautz May 12, 2026

What Changed When Leases Moved onto the Balance Sheet? For most of my career, operating leases

How to Handle Lease Renewals in Accounting (ASC 842 & IFRS 16 Explained) 1

How to Handle Lease Renewals in Accounting (ASC 842 & IFRS 16 Explained)

Greg Kautz May 5, 2026

Companies operating internationally face foreign exchange (FX) exposure when lease payments are denominated in a currency

Lease Accounting Software Guide: All Your Questions Answered

Lease Accounting Software Guide: All Your Questions Answered

Greg Kautz April 14, 2026

Lease accounting has shifted quite a bit in recent years, especially with standards like ASC 842,

FinQuery vs Black Owl Systems - Key Features, Differences, and Best Fit 1

FinQuery vs Black Owl Systems: Key Features, Differences, and Best Fit

Greg Kautz April 7, 2026

Choosing the right lease accounting software matters more than ever as companies work through standards like