Audits Under ASC 840: Assessing Risk and Controls

Audits Under ASC 840: Assessing Risk and Controls

1. Assessing Risks and Controls Process documentation Internal control design for ASC 842 Assessing Risks and Controls With the implementation of the new lease accounting standard, ASC 842, new financial statement and process risks emerge for private companies. As...
Guide | COVID-19 Lease Impact Report

Guide | COVID-19 Lease Impact Report

What Impact has COVID-19 had on leases? In 2020, LeaseQuery conducted a survey of more than 400 accounting and financial executives to analyze the impact COVID-19 has had on leases. The results showed cost optimization, flexibility, and liquidity are now key goals...
Webinar | Lease Negotiation Best Practices

Webinar | Lease Negotiation Best Practices

Lease Negotiation Best Practices As the year comes to a close and businesses continue to be impacted by 2020’s COVID-19 pandemic, many lessees are considering ways to negotiate their upcoming lease contracts. LeaseQuery’s Chief Revenue Officer, Chris Ramsey sat down...
Sublease Accounting under ASC 840 and ASC 842

Sublease Accounting under ASC 840 and ASC 842

1. Accounting for a sublease under ASC 840 2. A comprehensive example of sublease accounting under ASC 840 Straight-line amortization schedule for the head lease Accounting for an operating sublease under ASC 840 3. Accounting for a sublease under ASC 842 4. A...