Lease Accounting: What Are the New Challenges for Lessees?

Lease Accounting: What Are the New Challenges for Lessees?

The impact of failing to comply Why the boards updated the standards – it’s all about transparency How ASC 842 and IFRS 16 will improve financial reporting: Regulation timeline Lessee accounting: What has changed? Lease accounting under the old standards, ASC 840 and...
Accounting for Lease Incentives under ASC 842

Accounting for Lease Incentives under ASC 842

What is a lease incentive? It’s a lease incentive: How do we treat it? Leasehold improvements Leasehold improvements: Lessor asset Leasehold improvements: Lessee asset Lease incentive impact to opening lease liability and ROU asset Lease incentive example Lease...