Lease Purchase option under ASC 842
Lease purchase options, also known as lease-to-own agreements, are a popular method of acquiring fixed assets for businesses. In this…
Impact of ASC 842 on Lease Termination Decisions
Accounting standard, ASC 842, has brought significant changes to the way companies account for their leases. One of the areas…
ASC 842 Lease Accounting: Lease vs Non-lease Components
In the world of lease accounting under the new lease accounting standard, ASC 842, differentiating between lease and non-lease components…
Sale Leaseback Transactions under ASC 842
If you’re a business owner or financial professional, you may have come across the term “sale leaseback” in accounting. But…
The Impact of ASC 842 on Budgeting and Planning
Lease accounting has undergone significant changes over the years, with the Financial Accounting Standards Board (FASB) issuing a new set…
Leasehold Improvements: Accounting Under ASC 842
Leasehold improvements can play a vital role in making a leased space functional and inviting for a tenant’s operations. Without…