Lease Accounting Insights
Expert guidance on ASC 842, lease management, and industry best practices
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IT and Software Contracts: Identifying Hidden Lease Components
This comprehensive guide addresses key questions including: What constitutes a hidden lease component in IT and software contracts? and How do I identify embedded leases within technology agreements under ASC 842?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
Lease Control Documentation: Evidence Standards for Audit
This comprehensive guide addresses key questions including: What constitutes sufficient lease control documentation for an audit? and How can I ensure my lease control documentation meets ASC 842 audit standards?. Learn about compliance requirements, audit expectations, and best practices for controls under ASC 842.
Lease Term Changes: Accounting for Extensions and Early Terminations
This comprehensive guide addresses key questions including: How are lease extensions accounted for under ASC 842? and What is the accounting impact of early lease terminations?. Learn about compliance requirements, audit expectations, and best practices for compliance under ASC 842.
Lease Audit Workpapers: Documentation That Satisfies Auditors
This comprehensive guide addresses key questions including: What documentation is required for ASC 842 lease audits? and How do I prepare lease audit workpapers to satisfy auditors?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
Quantitative Lease Disclosures: Required Tables and Schedules
This comprehensive guide addresses key questions including: What quantitative lease disclosures are required under ASC 842? and What tables and schedules are necessary for ASC 842 quantitative disclosures?. Learn about compliance requirements, audit expectations, and best practices for disclosures under ASC 842.
Current/non-current classification is a financial reporting requirement
This comprehensive guide addresses key questions including: What is current/non-current classification in financial reporting? and Why is current/non-current classification important for ASC 842?. Learn about compliance requirements, audit expectations, and best practices for compliance under ASC 842.
Lease Liability Reconciliation: Balancing to the General Ledger
This comprehensive guide addresses key questions including: What is lease liability reconciliation? and How do I reconcile lease liabilities to the general ledger?. Learn about compliance requirements, audit expectations, and best practices for close under ASC 842.
Understand ASC 842 Lease Accounting Without the Jargon
This comprehensive guide addresses key questions including: What is ASC 842 lease accounting in simple terms? and How does ASC 842 impact financial statements?. Learn about compliance requirements, audit expectations, and best practices for compliance under ASC 842.
Common Discount Rate Audit Findings and How to Avoid Them
This comprehensive guide addresses key questions including: What are common discount rate audit findings? and How can I avoid discount rate audit findings?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
ASC 842 Management Assertions: What Controllers Must Understand
This comprehensive guide addresses key questions including: What are ASC 842 management assertions for controllers? and How do management assertions relate to ASC 842 lease accounting?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
Control Deficiencies in Lease Accounting: Common Findings
This comprehensive guide addresses key questions including: What are common control deficiencies in lease accounting? and How do control deficiencies impact ASC 842 compliance?. Learn about compliance requirements, audit expectations, and best practices for controls under ASC 842.
Discovering Missing Leases: A Systematic Approach
This comprehensive guide addresses key questions including: What is a systematic approach to discovering missing leases? and How can organizations identify undocumented leases for ASC 842 compliance?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
Common Lease Abstraction Errors and Their Financial Impact
This comprehensive guide addresses key questions including: What are the most common lease abstraction errors? and How do lease abstraction errors financially impact a company?. Learn about compliance requirements, audit expectations, and best practices for compliance under ASC 842.
ROU Asset Rollforward: Building the Audit-Ready Schedule
This comprehensive guide addresses key questions including: How do I build an audit-ready ROU asset rollforward schedule? and What are the key components of an ROU asset rollforward schedule?. Learn about compliance requirements, audit expectations, and best practices for close under ASC 842.
Remeasurement Triggers Under ASC 842: Complete Checklist
This comprehensive guide addresses key questions including: What are the common remeasurement triggers under ASC 842? and When is remeasurement required for leases under ASC 842?. Learn about compliance requirements, audit expectations, and best practices for compliance under ASC 842.
Pre-Audit Self-Assessment for ASC 842 Compliance
This comprehensive guide addresses key questions including: What is a pre-audit self-assessment for ASC 842 compliance? and What steps are involved in an ASC 842 pre-audit self-assessment?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
Guide to Deferred Rent Under ASC 842
This comprehensive guide addresses key questions including: What is deferred rent under ASC 842? and How is deferred rent calculated and recognized under ASC 842?. Learn about compliance requirements, audit expectations, and best practices for compliance under ASC 842.
IBR Documentation Requirements for Audit
This comprehensive guide addresses key questions including: What IBR documentation is required for an ASC 842 audit? and How do auditors verify Incremental Borrowing Rate (IBR) calculations?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
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