Lease Accounting Compliance: 10 Must-Read Articles

Lease Accounting Compliance: 10 Must-Read Articles

With the effective date of the new lease accounting standard quickly approaching for private companies, there’s no such thing as too many helpful tips. Navigating the new rules and transitioning your accounting practices so you remain compliant isn’t an overnight...
Sublease Accounting under GAAP and FASB ASC 840

Sublease Accounting under GAAP and FASB ASC 840

Have you ever leased a space, decided you no longer require it, then subleased the space to a third party? Did you continue making payments to the Landlord under the initial lease while collecting payments from the third party under the sublease? Did you account for...
Free Rent and Early Access in Lease Accounting

Free Rent and Early Access in Lease Accounting

Today’s article is a detailed response to a question we received about calculating straight-line rent. This is a common scenario that many businesses are accounting for incorrectly. Here’s a question on calculating straight-line rent during an early occupancy...