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Debunked: 6 Myths About the New Lease Accounting Rules!

George Azih Lease Accounting April 5, 2018

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

Myth 1: All leases will be...

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Lease Accounting when Tenant Must Return the Asset to its Initial Condition

George Azih Lease Accounting, FASB Topic 840 April 5, 2018

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 April 2, 2018

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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Accounting for Subleases Under GAAP: The CORRECT Way

George Azih Lease Accounting, GAAP, Sublease Accounting March 12, 2018

*editor's note 3/12/18. This post was published 12/7/2016. We have updated this post for consistency and accuracy based on the current lease accounting standards under FASB 840. We have also...

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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 March 5, 2018

*editor’s note, 3/5/18, this article was originally published 11/22/16. We have updated the article for accuracy and timeliness. Additionally we have included clarification for a question from a...

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10 Questions You MUST Ask to Review Lease Management Software

George Azih Lease Accounting, Lease Accounting Rules February 13, 2018

Editor's note: here is a streamlined and updated list on top questions to ask lease accounting software vendors

Of all the lease management software options available in the market currently,...

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5 Questions to Ask Potential Lease Accounting Software Vendors if You Lease Equipment

Chris Ramsey Lease Accounting, Lease Accounting Transition January 30, 2018

Do you report under GAAP or IFRS?  If so, you are most likely large enough to have both equipment and real estate leases in your portfolio.  After speaking with hundreds of companies, LeaseQuery,...

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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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