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LeaseQuery SAVED over $28,000 in overpayments for one client. How much could it be COSTING You?

George Azih Accounting in Excel, Lease Accounting Transition December 6, 2016

You won’t believe how much we just SAVED a client!!!

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6 Lease Accounting Errors You’re Probably Making (And How to Fix Them) – PART 2

George Azih Lease Accounting Errors November 25, 2016

This is the second of a two-part series: 6 Lease Accounting Errors You’re Probably Making (And How to Fix Them). Our previous post addressed the first 3 common accounting errors we have found...

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Straight-Line Rent Calculation for Leases where Tenant is Required to Expand in Future (Must-Takes)

George Azih GAAP, Lease Expansion, Deferred Rent Accounting November 22, 2016

In our last blog, we addressed accounting for leases when a lessee is granted access to a part of a building at first and then granted access to the rest of the building at a later date. This...

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Accounting for Leases with Termination Options

George Azih Lease Accounting, Termination, Cancellation November 22, 2016

In our last blog, we explained how to account for leases where the tenant must take additional property (or expand) in the future. Today’s blog addresses accounting for leases which include a...

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FASB Releases Lease Accounting Standard!

George Azih FASB 842, Lease Accounting Updates February 25, 2016

Today (2/25/2016), the FASB released its long awaited lease accounting standard. The FASB issued the update to increase transparency and comparability among organizations by recognizing lease...

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FASB announces issuance date of lease accounting Changes!

George Azih Lease Accounting Updates, FASB Topic 842 February 17, 2016

At its meeting today (February 17, 2016), the FASB announced that it expects to issue its standard on accounting for leases, ASU 2016-02, on Thursday, February 25, 2016. That’s next week folks,...

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IASB Released New Lease Accounting Rules Today, FASB to follow!

George Azih Lease Accounting Updates, FASB Topic 842 January 13, 2016

Today (January 13, 2016), the International Accounting Standards Board released the long awaited changes to lease accounting. Under the new IFRS lease accounting rules released today, all leases will...

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FASB Votes To Release New Lease Accounting Updates - Exposure Draft

George Azih Lease Accounting Updates, FASB Topic 842 April 10, 2013

In a 4 to 3 vote, the FASB voted yesterday (April 10, 2013) to move ahead and re-release the New Lease Accounting Exposure draft which will be converged with that of the International Accounting...

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