Companies May Treat Cotenancy Clauses As Variable Expenses
Cotenancy clauses may need to be accounted for when social distancing ends if some stores don’t reopen their doors. Cotenancy…
COVID-19 and Lease Accounting with CoStar
The coronavirus pandemic (COVID-19) has impacted business, and life in general, in many ways. The impact to financial statements will…
Planning for Lease Accounting Compliance – A 12 Step Guide for Successful Project Management
After being discussed for the better part of a decade, the new FASB and IASB lease accounting standards are official.…
Lease Accounting for a Fortune 50 Shipping & Logistics Company
CoStar delivers software for the management and reporting of more than 100,000 real estate and equipment leases to meet this…
Lease Accounting Compliance Presents an Opportunity
From our whitepaper Data Consolidation for Lease Accounting Compliance: An Opportunity to Create Value for Real Estate and Equipment Management > Download…
The Intersection of Tax and Lease Accounting
The new lease accounting standard, ASC 842, was issued by the FASB in early 2016. Many public companies have already…
The FASB Officially Delays Deadline for Private Company Lease Accounting Standard Adoption
CoStar Advises How Organizations Should Take Advantage of Extra Time to Comply with ASC 842 ATLANTA--(BUSINESS WIRE)--The Financial Accounting Standards…
A practical approach to the Incremental Borrowing Rate (IBR) for lease accounting
ASC 842 requires lessees to use the rate implicit in the lease agreement for the Net Present Value (NPV) calculations…
Don’t Get Caught Off Balance with Lease Accounting
Does the opening ROU asset always equal the opening lease liability? Not always. Many public companies have already successfully adopted…
Deferred Rent – What it means under ASC 840 and how it impacts ASC 842 transition
Deferred rent is the balance sheet account that was used under ASC 840 to enable straight-line rent expense. Basically, when…