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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...

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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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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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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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When Do I have a Lease?

George Azih Lease Accounting, FASB Topic 840 December 7, 2016

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...

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Debunked: 6 Myths About the New Lease Accounting Rules!

George Azih Lease Accounting December 7, 2016

There is a LOT of misinformation about the new lease accounting rules. In this post I will address the biggest misconceptions.

Myth 1: All leases will be capitalized: While the vast majority of...

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Do you know when a lease starts?

George Azih Lease Accounting December 6, 2016

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Lease Start date vs Move in Date vs Possession Date vs Commencement Date vs Execution Date. Which one...

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Accounting for Subleases Under GAAP: The CORRECT Way

George Azih Lease Accounting, GAAP, Sublease Accounting December 6, 2016

*remember, like our LinkedIn page and share this article if you find it useful or informative! 

Have you ever leased a space, decided you no longer require it, then subleased the space to a...

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Lease Accounting: When early access is granted to part of a building at first, then the rest later.

George Azih Lease Accounting, FASB Topic 840 November 22, 2016
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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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