One silver lining of COVID-19 appeared when private companies received a short reprieve from the new lease accounting standards courtesy of FASB ASC 842 — “reprieve” being the operative word ...

ASC Topic 842 is a relatively simple standard that can mean profound changes for organizations with leases. This report examines what makes this standard challenging and describes new ways for CPAs to ...

In December, new accounting standards for reporting leases are scheduled to go into effect. The intention: To more accurately portray leases’ implications for a company’s financial health.

One of the initial challenges for organizations may simply be finding all of the many leases and contracts subject to the new standard. CPAs are well positioned to provide the information and ...

There are many reasons you might consider breaking your lease — maybe you got a new job out of state ... and require a later accounting to assess the landlord’s actual damages over the ...

Anderson is CPA, doctor of accounting ... or new tenant. Any changes are tailored to the specific needs of a tenant and make the space more attractive and appealing to them. Once the lease ...

The above descriptions are the common terms for these lease types, but terms can vary greatly from one lease to another. Some markets also have slightly different standards on how expenses are ...

The world of real estate is vast, and real estate professionals at every stage of the journey need the right accounting tools ...

The preceding list covers most of the major pain points and pitfalls for tenants in owners’ standard leases. Of course many more exist. A tenant negotiating a new lease should address at least ...

She has been in the accounting ... lease a car, you’re renting it for a certain amount of time with a set number of miles allotted. Leasing is less popular than buying: About a quarter of new ...

As he runs for re-election, Alan Wong, president of the City College of San Francisco Board of Trustees, has accused the ...

LONDON, ENGLAND - MARCH 28: A Tesla Model 3 fully electric EV car is displayed during the Everything ... [+] Electric London 2024 at ExCel on March 28, 2024 in London, England. The show, designed ...