Lease Accounting Overview: New Standards, Compliance & Audit
What is Lease Accounting? Lease accounting refers to the process of recording and reporting lease-related financial transactions according to specific…
Accounting for Leases Under ASC 842
When it comes to lease accounting processes, complying with the Accounting Standards Codification (ASC) 842 is crucial. This accounting standard,…
The Essential Lease Accounting Audit Checklist
With the new lease accounting standards in effect since 2019, (for public companies) lease accounting audits have become a recurring…
Lease Accounting: What are assets?
Lease accounting is a crucial aspect of financial management and compliance for commercial tenants. Understanding the concept of leased assets…
Lease Accounting: Depreciation and Amortization
Within the lease accounting world, there are several terms that often get confused. Two such terms are depreciation and amortization….
Lease Accounting: What are Assets and Liabilities?
Lease accounting is a complex process that requires careful consideration of various financial elements. One crucial aspect of lease accounting…