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Our Lease Accounting Experts Answer Your Lease Queries

Capital Lease Accounting: A Comprehensive Example

George Azih Lease Accounting

 

Take Our Capital vs. Operating Lease Test

In today’s blog post, we will discuss and explain capital lease accounting. We will utilize a detailed example to illustrate the accounting...

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Tax Effect of Deferred Rent under Current GAAP Lease Accounting Rules

In this blog post, we will explain how deferred rent affects income tax under current lease accounting rules. We want to stress that this blog post covers it and income taxes under CURRENT rules...

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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 Deferred Rent

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

We've updated our transition guide  Click here to take it with you

 

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

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