Our Lease Accounting Experts Answer Your Lease Queries

Takeaways and 5 Action Items from FEI’s Current Financial Reporting Issues, CFRI Conference

George Azih Lease Accounting December 5, 2017

LeaseQuery’s Lease Accounting team recently attended the Current Financial Reporting Issues conference (CFRI conference), in New York City on November 13th and 14th and came back with a few important...

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Yesterday’s Meeting(11/29/2017): FASB’s additional lease accounting changes

George Azih FASB Topic 842 November 30, 2017

FASB Topic 842 Leasing Standard Simplification Update

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Are you prepared for the transition to IFRS 16 - the new lease accounting standard?

George Azih Lease Accounting, IFRS 16, Lease Accounting Standard November 30, 2017

The IFRS 16 Effective date is fast approaching

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Lease Accounting Transition Guide for FASB 842 and IFRS 16 Part II: Step by Step Guide on Adopting the New Lease Accounting Standards

Note that this is the second part of a series of blog articles addressing how to adopt the new lease accounting standards for FASB 842 and IFRS 16. To read part 1, please click here.

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Are You Ready For The New Lease Accounting Rules That Will Impact Your Financial Statements? (PT. I)

IFRS 16 and FASB 842

For part two of this guide, click here

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Capital Lease Accounting: A Comprehensive Example

George Azih Capital Lease Accounting, FASB Topic 840 September 12, 2017

In today’s blog post, we will discuss and explain capital lease accounting. We will utilize a detailed example to illustrate the accounting entries involved, but let us stress that this example...

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Tax Effect of Deferred Rent under Current GAAP Lease Accounting Rules

George Azih Lease Accounting, GAAP, Tax, Deferred Rent Accounting August 29, 2017

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 Tenant improvement allowance accounting December 20, 2016

In this post, I will explain the correct way to account for Tenant Improvement Allowances and other Lease Incentives under the current GAAP lease accounting rules.  Note that incentives refer to...

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How to Account for Lease Amendments that Expand the Leased Premises

George Azih FASB Topic 840 December 8, 2016

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 Lease Accounting, FASB Topic 840 December 8, 2016

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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