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Our Lease Accounting Experts Answer Your Lease Queries

Why Your Accounting for Tenant Improvement Allowances is Dead Wrong.

Russell Bowles Blog

In this post I will explain the correct way to account for tenant improvement allowances and other lease incentives under current GAAP lease accounting rules.  Note that incentives refer to any...

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How to Account for Lease Amendments that Expand the Leased Premises

George Azih Blog

In a prior post, we explained how to account for leases when the tenant MUST expand the premises under the terms of the initial lease. In this blog post, we will explain how to account for a lease...

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Lease Accounting when Tenant Must Return the Asset to its Initial Condition.

George Azih Blog

Have you ever entered into an operating lease for a building, constructed leasehold improvements, and determined based on the provisions of the lease that you are legally obligated to remove the...

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6 Lease Accounting Errors You’re Making (And How to Fix Them) - Part 1

George Azih Lease Accounting

To err is human. To forgive is against company 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...

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FASB/IASB Lease Accounting Divergence

George Azih Blog

FASB/IASB lease accounting “Divergence.”  Far from converging, the FASB and IASB have decided to take different routes concerning lease accounting. While both boards decided to capitalize all leases...

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New Accounting Rules: Accounting for Subleases

George Azih Blog

The 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...

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When Do I have a Lease?

George Azih Blog

A colleague sent an email asking me if I knew how to account for “leases that are stadium naming rights.” It was an interesting question, but confusing. A better question would be, “Are stadium...

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A step by step guide: How to transition from an operating lease under current GAAP to an operating lease under the new lease accounting standard (Topic 842)

George Azih Blog

In this post I will explain how to transition from the current lease accounting rules to the new lease accounting rules. Specifically, we will discuss how to go from an operating lease under...

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Summary of Lease Accounting Changes as of 12/31/2014

George Azih Blog

SUMMARY of the New Lease Accounting Rules and Lease Accounting Changes

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Summary of FASB’s January 2015 Meeting on Leases…In Plain English

George Azih Blog

On Wednesday, January 21, 2015, the FASB and IASB boards had a VERY LONG meeting on leases. Here is the outcome of the meeting, as always, in plain English. The meeting focused on disclosure...

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