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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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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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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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2013 Lease Accounting updates - lease exposure draft

George Azih lease accounting updates, FASB Topic 842 May 16, 2013

The long awaited lease accounting updates (the Exposure Draft on Lease Accounting) was issued this morning (May 16th) by the FASB and IASB. It is 343 pages long, so I’ve got a lot of reading ahead of...

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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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