Key Money and the Impact on Lease Accounting under ASC 842
Key money is typically used in the leasing industry to describe an incentive paid to acquire a lease. And it’s…
Frozen Lease Accounting – Continued Use of Straight-line Functionality
New lease accounting guidelines (ASC 842 and IFRS 16) are now in effect for many companies. I am often asked…
Lease accounting accounts payable: How the right software can help
While companies across all industries are focusing on ASC 842 and IFRS 16 lease accounting compliance, the routine payments necessary…
What makes a good equipment leasing program?
Any business owner who needs expensive equipment to operate a business successfully wrestles with the question “Should we lease or…
Cost and Savings Opportunities When Leasing Equipment
The lease versus buy cost and savings opportunities is a debate that has a long-standing place in corporate financial decision-making.…
How to address embedded leases
Embedded leases can be difficult to identify, but the new FASB lease accounting guidelines are making it essential to look. …
Evergreen fees on equipment leases, and how to avoid them
An evergreen lease contract automatically renews after each completion or maturity period, until canceled by one of the parties. While…
What are asset retirement obligations (AROs) and leasehold improvements related to lease accounting?
One of the many nuances of lease accounting, an asset retirement obligation (ARO) is a liability related to the retirement…
Who owns lease accounting?
The new FASB and IASB lease accounting standards are official, and it’s time to create a compliance plan. The first…
Demystifying discount borrowing rates under IFRS 16 ASC 842
Discount borrowing rates are not always straightforward, and how discount borrowing rates are handled differs under current GAAP and the…