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...
Sublease Accounting under ASC 842 and IFRS 16

Sublease Accounting under ASC 842 and IFRS 16

FASB and IASB on sublease contracts The Boards [FASB and IASB] decided that an intermediate lessor (that is, an entity that is both a lessee and a lessor of the same underlying asset) should account for a head lease and a sublease as two separate contracts unless...