Our previous blog on this topic focused on one important thing: How to calculate the present value of lease payments using Excel spreadsheets. This week, we will show you how to calculate the...
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...
For financial reporting, companies need a set of guidelines, or accounting standards, to accurately reflect the amount, timing, and uncertainty of cash flow of the business. GAAP, IAS, and IFRS...
Our article on sublease accounting under FASB topic 840 led to many enriching discussions. Often, one answer can lead to many more. As we receive those questions, we are glad to provide easy to...
This week’s blog is a comprehensive example explaining how to transition from current GAAP to the new lease accounting standards. We will be using a real life scenario that one of our clients...
Have you ever leased a space, decided you no longer require it, then subleased the space to a third-party? Did you continue making payments to the Landlord under the initial lease while collecting...
Today’s article is a response to a question we received about calculating straight-line rent. We decided to write an article about it because it is a very common scenario that the vast majority of...
Whether you are tax or audit, this year is certain to be busy for all accountants. The busy season is defined by the recent changes to the tax code and there is uncertainty for many clients. A...
editor's note: to determine capital leases vs. operating leases, take our free test.
This blog post summarizes – in plain English – Operating leases under the upcoming lease changes.