Readiness Assessment: How Ready Are You for the New Lease Standard?

The new lease standard officially goes into effect for nonpublic companies the fiscal year ...
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FASB Votes Yes on Lease Standard Implementation Delay for Non-Public Companies

As we all expected, the Financial Accounting Standards Board (FASB) voted today that the new ...
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LeaseCrunch® Announces New Agreed-Upon Procedure Report: Calculations Evaluated and Tested

As discussion and concern around implementing the new lease standard increased this year, there ...
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Observations on the FASB’s Decision to Potentially Delay the New Lease Standard Implementation

Written by Ane Ohm on Tuesday, August 6, 2019 It’s been a couple of weeks since the FASB ...
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Understanding the Lessee Footnote Disclosure for ASC 842, the New Lease Standard

The objective of the footnote disclosure is to enable users of financial statements to assess ...
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CPA Firm Independence and Technology: Complying with AICPA Guidelines

When a CPA firm attests to the accuracy of a client’s financial statements, maintaining their ...
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Ask the Expert: John Hepp Discusses Related Party Leases

Important note: This is a judgment-based standard, which means there are few hard-and-fast rules ...
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The New Lease Standard: Defining and Identifying Embedded Leases

One of the trickier aspects of the new lease standard is the concept of embedded leases. Like ...
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Meet Your Updated General Ledger Accounts Under the New Lease Standard

The new lease standard requires you to account for leases differently on your financial ...
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ASC 842: Transitioning Leases and Why Equity Likely Isn’t Affected

When the changes in an accounting standard impact assets or liabilities, we are accustomed to ...
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