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As the need for new accounting guidelines arise, accounting oversight 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...

On March 29th, LeaseCrunch held a live webinar discussing the definition, exclusions, and implementation of GASB 96, along with SBITA examples,...

Updated on April 10, 2023: The first amendment in this update allows for private and certain not-for-profit entities to use the written terms of the...

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

Leasehold improvements are improvements made to leased property sometime over the course of the lease. Leasehold improvements are considered assets,...

The Governmental Accounting Standards Board, or GASB, was established in 1972 in order to create accounting and reporting standards that foster...

Lease incentives: They sound straightforward. It’s just an incentive to sign a lease, right?Sort of. In this blog, we’ll go over what lease...

After FASB’s proposed delay at their April 8, 2020 meeting, the new lease standard will likely go into effect for non-public companies the fiscal...

Lease accounting gets increasingly complicated with each new accounting standard introduced by the Governmental Accounting Standards Board, also...

Policy elections that must be made under the new lease accounting standard are a critical part of implementation planning. They impact your clients’...