Author: Lauren Covell

Lauren Covell is a Certified Public Accountant who currently lives in St. Louis, Missouri. She started her career in the PwC audit practice. After PwC, she joined a consulting firm and assisted companies in navigating complex technical accounting matters and streamlined their monthly close processes. Prior to joining Occupier, she was responsible for implementing ASC 842 for a vast portfolio of retail and equipment leases at a high growth consumer products company. Lauren is also passionate about collaborating with others to optimize solutions and creating win-wins for every stakeholder in the process

Lease Accounting

Lease Liabilities: The balance sheet impact
ByLauren Covell March 2, 2023March 2, 2023

Now that many businesses are going through their first year and first audit under the new standard, the true impact of lease liabilities on the balance sheet is a lot clearer.
Lease Accounting

Deferred Rent for ASC 842: Overview and Examples
ByLauren Covell February 28, 2023February 28, 2023

ASC 842 does away with the deferred rent account. All accounting for operating leases under the new standard is contained within a right-of-use asset and lease liabilities.
Lease Accounting

Ultimate Guide to IBR— the Incremental Borrowing Rate
ByLauren Covell January 30, 2023February 9, 2023

After adopting new lease accounting standards like ASC 842 and IFRS 16, many lease accountants were presented with a new…
Lease Accounting

Your ASC 842 Survival Kit
ByLauren Covell January 10, 2023January 10, 2023

We built our ASC 842 survival kit to help you kick start your lease accounting compliance journey. Public companies have…
Lease Accounting

How ASC 842 Impacts Year-End Close
ByLauren Covell December 30, 2022February 9, 2023

For accounting teams and finance groups, year-end close is one of the busiest times of the year. Closing out the…
Lease Accounting

What Every Accountant Should Know About ROU Assets
ByLauren Covell December 15, 2022August 10, 2023

ASC 842 and IFRS 16 have drastically changed the face of lease accounting. The ROU, or “Right of Use” asset…