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This template should be reviewed in conjunction with the applicable disclosure checklist for complete requirements (see Lease Adoption folder for latest RSM version in Word) and the Excel workbook
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How to fill out lease footnote template

01
Begin by opening the lease footnote template document
02
Fill in the title of the lease footnote at the top of the document
03
Provide the relevant details of the lease agreement, including the parties involved, the lease term, and any specific terms or conditions
04
Include any disclosures or additional information required by regulations or company policies
05
Review the completed lease footnote template for accuracy and completeness before finalizing

Who needs lease footnote template?

01
Companies and organizations that lease property, equipment, or other assets
02
Accounting and finance professionals responsible for preparing financial statements
03
Auditors and regulators who review financial reports for compliance

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The lease footnote template is a document that provides information about a company's leasing activities in the footnotes of its financial statements.
Companies that have lease agreements for assets such as property, equipment, or vehicles are required to include a lease footnote template in their financial statements.
To fill out a lease footnote template, companies need to provide details about their lease agreements, including lease terms, payment schedules, and any other relevant information.
The purpose of the lease footnote template is to provide transparency and disclosure about a company's lease obligations and how they impact its financial position.
Information such as lease obligations, lease terms, lease incentives, and lease payments must be reported on the lease footnote template.
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