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...
Tenant Improvement Allowance Accounting the Correct Way

Tenant Improvement Allowance Accounting the Correct Way

This post will explain the correct way to account for a tenant improvement allowance and other lease incentives under the current GAAP lease accounting rules in two parts. The first covers how to tenant improvement allowance (TIA) accounting under the current GAAP...
6 Common Lease Accounting Errors and Their Solutions

6 Common Lease Accounting Errors and Their Solutions

To err is human. To forgive is against FASB policy. Our last blog addressed how to account for lease amendments that expand the leased premises. In today’s article, we will explain the 6 common lease accounting errors we have found after reviewing thousands of leases....