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…
If you own or operate a business that leases property or equipment, you’re probably already familiar with the concept of…
Navigating the complexities of lease accounting under ASC 842 can seem overwhelming. However, with a clear understanding of the basic…
When it comes to leasing, there are many terms used to define specific aspects of a lease and multiple important…
The asset turnover ratio is a key financial ratio that measures a company’s efficiency in using its assets to generate…
Tenant improvement allowance is a win-win for a commercial real estate space. Landlords are always happy to have their properties improved,…
Experienced accountants and CPA firms understand the importance of following the best accounting practice for your organization’s hefty lease portfolio….