Why Your Accounting for Tenant Improvement Allowances is Dead Wrong.
In this post I will explain the correct way to account for tenant improvement allowances and other lease incentives under…
How to Account for Lease Amendments that Expand the Leased Premises
In a prior post, we explained how to account for leases when the tenant MUST expand the premises under the…
Lease Accounting when Tenant Must Return the Asset to its Initial Condition.
Have you ever entered into an operating lease for a building, constructed leasehold improvements, and determined based on the provisions…
6 Lease Accounting Errors You’re Probably Making (And How to Fix Them) – Part 1
To err is human. To forgive is against company policy. Our last blog addressed how to Account for Lease Amendments…
FASB/IASB Lease Accounting “Divergence
FASB/IASB lease accounting “Divergence.” Far from converging, the FASB and IASB have decided to take different routes concerning lease accounting….
New Accounting Rules: Accounting for Subleases
The FASB and IASB decided that an intermediate lessor (that is, an entity that is both a lessee and a…
When Do I have a Lease?
A colleague sent an email asking me if I knew how to account for “leases that are stadium naming rights.”…
A step by step guide: How to transition from an operating lease under current GAAP to an operating lease under the new lease accounting standard (Topic 842)
In this post I will explain how to transition from the current lease accounting rules to the new lease accounting…
Summary of Lease Accounting Changes as of 12/31/2014
SUMMARY of the New Lease Accounting Rules As it’s the end of the year, we thought it would be a…
Summary of FASB’s January 2015 Meeting on Leases…In Plain English
On Wednesday, January 21, 2015, the boards had a VERY LONG meeting on leases. Here is the outcome of the…