Blog

26 December 2022

Help Clients With Policy Decisions in the New Lease Standard

Policy elections that must be made under the new lease accounting standard are a critical part of...

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25 December 2022

How Do I Know If My Lease Has Multiple Lease Components?

Lease accounting is applied at the lowest asset component. As a result, after you have identified...

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19 December 2022

Advantages of Using Software to Implement the New Lease Standard

Implementing the new lease standard is complex if you try to do it in spreadsheets, even for...

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09 June 2022

The Secret to Effective Lease Management

Let’s set something straight before we dive into the ins and outs of effective lease management:...

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21 April 2022

ASC 842: Transitioning Leases Update

When changes to accounting standards impact assets and liabilities, we are accustomed to also...

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28 May 2019

John Hepp Discusses Leases Between Related Parties

Update March 27, 2023: The first amendment in this update allows for private and certain...

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07 May 2019

Defining and Identifying Embedded Leases

One of the trickier aspects of the new lease standard is the concept of embedded leases. Like many...

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30 April 2019

Meet Your Updated General Ledger Accounts Under the New Lease Standard

The new lease standard requires you to account for leases differently on your financial statements,...

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26 March 2019

ASC 842: Transitioning Leases and Why Equity Likely Isn’t Affected

When the changes in an accounting standard impact assets or liabilities, we are accustomed to the...

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26 June 2018

How the New Lease Standard Affects CAM Accounting

The new lease standard, ASC 842, changes the treatment of common area maintenance (CAM) within a...

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24 May 2017

Separating Lease and Nonlease Components

Not all costs related to a lease are included in the leased asset and liability. For example, a...

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