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

George Azih Lease Accounting Updates December 7, 2016

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 IASB, Lease Accounting Updates, FASB Topic 842 December 7, 2016

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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5 simple reasons why Excel is not suitable for Lease Accounting Management

George Azih Accounting in Excel December 7, 2016

Why do you track leases?  You probably monitor your leases for the very simple reasons of knowing how much you pay for rent, your renewal notification deadlines, and tracking common area...

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5 Ways Businesses overpay Rent (and don't know it)

George Azih Lease Accounting Errors December 7, 2016

Industry statistics show the overwhelming majority of tenants will overpay their landlord during the course of a property lease or rental. While no one wants to spend money they don’t have to,...

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New Lease Accounting Rules 2013 Type A and Type B Leases

George Azih Lease Accounting Updates December 7, 2016

In May 2013, the FASB and IASB released an Exposure Draft proposing a new approach to lease accounting. The proposed accounting rules will require recognition of all leased assets as “Right of...

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2013 Lease Exposure Draft: Accounting for Type A Leases

George Azih Lease Accounting Updates December 7, 2016

In this post I will explain Type A leases in detail from the lessee perspective. We will discuss how to calculate the initial and subsequent values of the lease liability and the initial and...

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Do you know when a lease starts?

George Azih Lease Accounting December 6, 2016

LeaseStartdate vs Move in Date vs Possession Date vs Commencement Date vs Execution Date. Which one is correct?

Do You know when a lease starts? When does a lease start? Every lease has a “start...

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Accounting for Tenant Improvement Allowances When a Lease Renews

George Azih Tenant improvement allowance accounting December 6, 2016

editor's note: watch our latest video on tenant improvement allowances for free here

In a renewal, how do you account for the tenant improvement allowance under the previous lease?

In a previous...

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Key Differences Between Current GAAP and The New Lease Standard

George Azih GAAP, Lease Accounting Transition December 6, 2016

Key Differences Between Current GAAP and The New Lease Standard

In this post we will address the differences between current GAAP and the FASB new lease accounting standard, with a focus on...

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Using Excel to Calculate Present Value of Minimum Lease Payments

George Azih Accounting in Excel December 6, 2016

This is the ONE thing you MUST be able to do under the new lease accounting rules:

The new lease accounting rules require the vast majority of leases to be capitalized. The capitalized amount is...

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