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FASB’s proposal to once again delay implementation of the new lease standard by one year for non-public companies brought some relief amid the...

Your clients are hopefully well aware that implementation of the new lease standard is just around the corner. However, some of your clients may have...

#1: What is an Embedded Agreement?

A single agreement can have multiple aspects to it that require different accounting treatments. For example, an...

The new lease standard is a complex one, with many complicated factors involved in making the transition. While some corporations have opted to use...

ASC 842 disclosure requirements are an important part of complying with the new lease standard. However, making sure you have all the appropriate...

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

The new lease accounting standards can be very complicated.

Properly identifying Initial direct costs is an important part of lease accounting. Keep reading to avoid accounting mishaps by familiarizing...

The new lease standard is more complicated than companies expect and therefore often underestimated. Because of this, we are seeing some unfortunate...

When a lease “starts”, is it the same thing as a lease “commencing?” Is the initial start date of a lease the same as the commencement date? 

CPA firm independence, related party leases and the old debate between spreadsheets vs. software… there’s no doubt that lease accounting was the...

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