Terms and Conditions of Use
The FASB Lease Calculator on in this site (the "Site") gives general assessments of the assets and liabilities to be accounted for on a tenant's monetary record under the new lease bookkeeping principles issued by the International Accounting Standards Board ("IASB") and the Financial Accounting Standards Board ("FASB") in mid 2016. The evaluations created through utilization of the Site (the "Assessments") are theoretical in nature and does not consider every single conceivable variable that may influence the genuine bookkeeping treatment of your rent. Such additional variables are beyond the very limited scope of this Site. The Site, including the technique of computing the Estimates, are meant only to be representative examples and should be reviewed, confirmed, and adjusted by your own competent accounting professionals. Everything on this Site is given to you "AS IS" AND WITHOUT REPRESENTATION, WARRANTY, OR GUARANTEE OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WITH RESPECT TO THE ACCURACY, COMPLETENESS, OR FITNESS FOR ANY PARTICULAR PURPOSE.
Utilization of the Site is not a substitute for professional accounting or tax counsel. You are encouraged to verify the exactness and results of the Estimates for your particular use. Reliance on the content contained on the Site or in the Estimates is at your sole risk. No officer, agent, or operator of the FASB Lease Calculator is approved to make any portrayal, guarantee, or certification concerning this Site or the Estimates, that is in opposition to the previous disclaimers, and these disclaimers shall, in all occasions, supersede any portrayal, guarantee, or assurances. Do not rely on any such guarantee or assurances without having them confirmed, verified, and approved by your own competent accounting professional.
As a condition for use of the Site, you agree to hold FASB Lease Calculator, and its officers, agents, affiliates, employees harmless and free from any claims which may emerge or result from your utilization of the Site. FASB Lease Calculator accepts no accountability, and isn't subject for any harm to, or infection or other destructive code that may influence your hardware or other property in light of your entrance to, or utilization of, the Site.
Nothing contained on the Site authorizes you, by suggestion, estoppel or implied representation, any right to utilize any trademark, logo, or administration marks (by and large the "Trademarks") displayed on the Site or on any in printed Estimate without written approval by us. Any unauthorized utilization of the Trademarks is prohibited.
FASB Lease Calculator shall be entitled to recover reasonable lawyers' charges, expenses, and costs from you for your violation of the terms contained herein or your inappropriate or unauthorized utilization of the Site or the Estimates.