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

Lease accounting is applied at the lowest asset component. As a result, after you have identified the lease and nonlease components, you as the...

Implementing the new lease standard is complex if you try to do it in spreadsheets, even for organizations with a few leases. Beyond the complexity...

Let’s set something straight before we dive into the ins and outs of effective lease management: Lease management is synonymous with lease...

When changes to accounting standards impact assets and liabilities, we are accustomed to also adjusting equity. However, the new lease accounting...

Important note: This is a judgment-based standard, which means there are few hard-and-fast rules and the treatment of your leases will depend on your...

One of the trickier aspects of the new lease standard is the concept of embedded leases. Like many components of the new standard, identifying an...

The new lease standard requires you to account for leases differently on your financial statements, which of course includes your general ledger....

When the changes in an accounting standard impact assets or liabilities, we are accustomed to the difference flowing through equity. The new lease...

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

Not all costs related to a lease are included in the leased asset and liability. For example, a contract may include both a truck and operation of...