Cutting the time to remeasure lease liabilities and ROU assets
Lease accounting standards ASC 842 and IFRS 16 require lessees to remeasure the lease liability, the ROU asset or both…
Shortening Lease Accounting Reconciliation from Hours to Seconds
Accountants may spend anywhere from several hours to a couple of days each month reconciling their ROU asset and lease…
Lessees Discover Ways to Access Cash Stemming from COVID-19 Hardships
Hardships from COVID-19 offer companies ways to save money and accumulate cash from within their portfolio of leases. But without…
Market Analytics and Tenant Data Help Companies Discover Cost Savings
Commercial real estate and finance executives need to understand market trends to make informed, economically sound decisions. The ability to…
Lease Accounting Fallout from COVID-19
Rent concessions, discount rates, fair market values and more critical lease accounting topics affected by COVID-19. Originally Published June 2020…
Lease Accounting Software with CoStar Commercial Real Estate Market Data for Current FMVs
CoStar’s lease accounting software helps companies evaluate the ASC 842 lease classification tests for fair market value by providing them…
Understanding ‘Closing the Books’
What is “Closing the Books”? In accounting, the word “books” refers a company’s record of financial transactions. The term “closing…
Understanding SOC Reports
Understanding SOC Reports for User Clients An organization that relies on service organizations to provide information technology services needs to…
Accounting for Lease Incentives
What are Lease Incentives? Lease incentives, sometimes called tenant inducements, are enticements lessors provide to encourage lessees to sign a…
Automating the Roll Forward Report
Roll forward reports, commonly requested by auditors for each audit, have long been known for being demanding and taxing on…