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You’ve probably heard a lot about spreadsheets in relation to lease accounting. Perhaps after your first audit with the new lease standards, you’re...

Updated on April 10, 2023: The first amendment in this update allows for private and certain not-for-profit entities to use the written terms of the...

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

If your clients use spreadsheets to maintain their leases, you know what a pain they can be. Spreadsheets are error-prone, difficult to adjust and...

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...

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

While embedded leases are not a new concept in accounting, they are now receiving a lot more attention. In the past, operating leases weren’t...

As discussion and concern around implementing the new lease standard increased this year, there was much to be said about the readiness (or lack...

When it was time for public companies to implement the new lease accounting standard, many opted for a tool they already know: spreadsheets. Similar...

How much does lease accounting software cost? As your firm examines the work involved with implementing and maintaining the new lease standard,...

As we all expected, the Financial Accounting Standards Board (FASB) voted today that the new lease accounting standard will be delayed for one year...

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