The new standards, ASC 842 and IFRS 16, create new challenges for lessees. Get our tips and tricks for lease accounting compliance.
You put in the hard work to transition to ASC 842, the new lease accounting standard. You’ve got your amortization schedules and your journal entries sorted out. Everything seems to be going well, but there is only one surefire way…
Lease audit procedures refer to the process of reviewing and examining an organization’s lease agreements and related records to ensure…
Lease accounting audit season is a trying time for in-house accounting teams, CPA firms and commercial real estate teams. Look…
What is Lease Accounting? Lease accounting refers to the process of recording and reporting lease-related financial transactions according to specific…
When it comes to lease accounting processes, complying with the Accounting Standards Codification (ASC) 842 is crucial. This accounting standard,…
With the new lease accounting standards in effect since 2019, (for public companies) lease accounting audits have become a recurring…
Lease accounting is a crucial aspect of financial management and compliance for commercial tenants. Understanding the concept of leased assets…