Accounting Academic/Former FASB Project Manager Discusses New Lease Accounting Standard

Dec 21, 2018 1:26:14 PM / by LeaseCrunch® posted in New Lease Standard, LeaseCrunch®, FASB

0 Comments

Using practical expedients, determining the lease term, assessing your discount rate, lease renewals and previously capitalized balances

MILWAUKEE, December 19, 2018 – John Hepp, retired Grant Thornton partner, former FASB project manager and current accounting faculty member at University of Illinois at Urbana-Champaign, discusses several nuances of the new lease accounting standard, from practical expedients (“the spoonful of sugar to help the medicine go down”) to discount rates and much more, in a new LeaseCrunch® blog posting.  Topics covered:

Read More

What Major Change in Lease Accounting Means for Banks

Dec 13, 2018 2:32:19 PM / by LeaseCrunch® posted in New Lease Standard, LeaseCrunch®, CPA Firms, FASB

0 Comments


Banks are bracing for the impact — on two fronts — of a new federal rule that will change how companies account for the cost of leasing everything from equipment to automobiles to space in office buildings or shopping centers.

Read about what our very own CEO, Ane Ohm, said about the change.

Read More