Blog | Lease Components

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The Advantages of Using Software to Implement the New Lease Standard

05/29/19

Implementing the new lease standard is complex, particularly for organizations with many leases. ...

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Ask the Expert: John Hepp Discusses Related Party Leases

Ask the Expert: John Hepp Discusses Related Party Leases

05/28/19

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

The New Lease Standard: Defining and Identifying Embedded Leases

05/07/19

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

Meet Your Updated General Ledger Accounts Under the New Lease Standard

04/30/19

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

ASC 842: Transitioning Leases and Why Equity Likely Isn’t Affected

03/26/19

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

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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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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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