by George Azih | Oct 3, 2018 | Blog, FASB ASC 842, Featured, IFRS 16, Lease Accounting Standards
What is lease accounting? Lease accounting is the method by which organizations account for their leasing contracts – whether lessors or lessees – on their balance sheets. The reporting standards for lease accounting are maintained by the Financial Accounting...
by George Azih | Oct 3, 2018 | Blog, FASB ASC 842, Featured, IFRS 16, Industry News and Events, Lease Accounting Standards
4 Takeaways on ASC 842 and IFRS 16 from the 17th Annual Financial Reporting Conference Earlier this year, we had the opportunity to attend the 17th Annual Financial Reporting Conference at Baruch College featuring panelists from FASB, KPMG, Google, Moody’s, and...
by George Azih | Sep 25, 2018 | Blog, FASB ASC 842, Featured, IFRS 16, Lease Accounting Standards
As with any major new regulatory update, the boards published practical expedients after the initial release of the new lease accounting standards. Electing these expedients will save you time, but if you don’t interpret them properly, you’ll end up with errors in...
by George Azih | Sep 13, 2018 | Blog, Lease Accounting Standards, Transition Guides
How to Beat the End-of-Year Crunch We think of the beginning of the year as the busy season. But let’s face the truth: the busy season never really seems to end (get some tips on how to cope with that here). At the end of this year, you’ve got to get ready for the...
by George Azih | Sep 12, 2018 | Blog, Compliance, Industry News and Events, Lease Accounting Standards, Lease Accounting Tools
Why the New Lease Accounting Standards Pose Major Challenges Until recently, most companies didn’t have to pay much attention to leases when issuing financial statements. With the new lease accounting standards, that’s set to change – drastically. Companies will be...
