Lease Accounting Articles

Our Lease Accounting Experts Answer Your Lease Queries

New Call-to-action

Popular Lease Accounting Articles

Subscribe to Email Updates

Are You Ready for the New Lease Accounting Rules that Will Impact Your Financial Statements?

The world of Lease Accounting is set for a radical makeover. In January 2016, the International Financial Reporting Standards Foundation issued IFRS 16, and in February 2016, the U.S. Financial...

Read More

How to Create a Lease Liability Amortization Schedule Under New Lease Rules

George Azih FASB Topic 842 April 3, 2018

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...

Read More

7 Facts About Operating Leases Under the New Lease Accounting Rules

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.

Operating...

Read More

FASB’s Additional Lease Accounting Changes: 11/29/2017

George Azih FASB Topic 842 November 30, 2017

On November 29, 2017, the FASB issued a lease accounting standard simplification update for Topic 842. The FASB’s decisions strive to reduce costs and ease the implementation burden of Topic 842...

Read More

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

New Rules Go Into Effect in December 2018 But Apply Retroactively to Comparable Year Financials

Before you start the process of adopting FASB 842 and IFRS 16, it’s crucial that you understand the...

Read More

FASB/IASB Lease Accounting Divergence

George Azih Lease Accounting Transition, FASB Topic 842 December 7, 2016

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...

Read More

New Accounting Rules: Accounting for Subleases

George Azih Sublease Accounting, FASB Topic 842 December 7, 2016

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...

Read More

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...

Read More

FASB announces issuance date of lease accounting Changes!

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

At its meeting 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, for those...

Read More

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...

Read More
1 2