Blog

GASB 87 and GASB 96 are similar, yet very different. Both share the characteristic of further complicating lease accounting in the name of financial...

A change is coming to lease categorization, and it’s been a long time coming.

First things first: Let’s set some definitions straight, because straight-line expense is different from straight-line amortization and straight-line...

A sale and leaseback agreement is a transaction where the seller of an asset becomes the lessee and the purchaser becomes the lessor. Nothing changes...

In February of 2016, the Financial Accounting Standards Board proposed a new lease accounting standard known as ASC 842. After delays for non-public...

What is ASC 842 Summary?

The ASC 842 lease accounting standard for GAAP lease accounting requires all leases longer than 12 months to be recorded as...

The Governmental Accounting Standards Board (GASB) Statement No. 96, known as GASB 96, has ushered in a new era of accounting guidelines for...

Navigating the complexities of lease accounting can be a daunting task, especially with the introduction of lease accounting standards like ASC 842, ...

In today’s rapidly evolving digital environment, many organizations have implemented new regulations to ensure equity, fairness, and transparency...

As the apparent need for new accounting guidelines arises, accounting organizations work around the clock to craft rules that address the grumbles of...

Before we define what an incremental borrowing rate (IBR) is, let’s do a brief overview of two of the most important changes to lease accounting...

You’ve probably heard a lot about spreadsheets in relation to lease accounting. Perhaps after your first audit with the new lease standards, you’re...