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When the New Lease Standard Goes into Effect and Other Key Dates

When the New Lease Standard Goes into Effect and Other Key Dates

01/01/19

Update: On April 8, 2020, FASB proposed to delay implementing the new lease standard for ...

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Ask the Expert: John Hepp Discusses the New Lease Standard

Ask the Expert: John Hepp Discusses the New Lease Standard

12/17/18

Important note: This is a judgment-based standard, which means there are few hard-and-fast rules ...

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CPA Playbook for Talking to Clients About the New Lease Standard

12/03/18

Have you spoken with your clients about the new lease standard? How many clients have begun ...

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5 Mistakes to Avoid When Implementing the New Lease Standard

5 Mistakes to Avoid When Implementing the New Lease Standard

10/17/18

The new lease standard is more complicated than companies expect and therefore often ...

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FASB Amends the New Lease Standard

08/15/18

Update: On April 8, 2020, FASB proposed to delay implementing the new lease standard for ...

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How the new Lease standard affects account for CAM

How the New Lease Standard Affects Accounting for Common Area Maintenance (CAM)

06/26/18

The new lease standard, ASC 842, changes the treatment of common area maintenance (CAM) within a ...

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What Can CPA Firms Do Now To Help Clients With Policy Decisions in the New Lease Standard?

What Can CPA Firms Do Now To Help Clients With Policy Decisions in the New Lease Standard?

05/14/18

Policy elections that must be made under the new lease accounting standard are a critical part ...

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While the new lease standard is obviously about accounting for leases, there are broader implications that your clients should consider now, well before implementation. For example: Do they understand how operating leases will affect their balance sheet, especially the liabilities? How will they find the resources and expertise to gather and analyze their leases? What processes might they need to establish so future leases are properly accounted for?

What Can CPA Firms Do Now about the New Lease Standard?

04/02/18

While the new lease standard is obviously about accounting for leases, there are broader ...

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How Do I Know If My Lease Has Multiple Lease Components?

How Do I Know If My Lease Has Multiple Lease Components?

06/01/17

Lease accounting is applied at the lowest asset component. As a result, after you have ...

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Separating Lease and Nonlease Components

Separating Lease and Nonlease Components

05/24/17

Not all costs related to a lease are included in the leased asset and liability. For example, a ...

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