by Wesley Williams | Nov 20, 2020
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...
by Justin Shemaria | Nov 13, 2020
1. Effective date of ASC 350-40 2. The need for clarity Capitalizable vs. non-capitalizable 3. Updates to ASC 350-40 Capitalizable vs. non-capitalizable software costs 4. Initial measurement and subsequent measurement Initial measurement Subsequent measurement 5....
by Kiley Arnold | Nov 2, 2020
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...
by Amanda Payne | Oct 19, 2020
1. What is a sale-leaseback transaction? 2. Why enter into a sale-leaseback transaction? What are the benefits of a sale-leaseback transaction? What are the disadvantages of a sale-leaseback transaction? 3. Examples of sale leasebacks 4. Identifying a sale-leaseback...
by Rachel Reed | Oct 4, 2020
1. What is a tenant improvement allowance? 2. How to account for tenant improvement allowances under ASC 840 Accounting for TIAs under ASC 840 example 3. Accounting for tenant improvement allowances when a lease renews Accounting for TIAs in renewals under ASC 840...
