Lease Accounting Insights
Expert guidance on ASC 842, lease management, and industry best practices
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Portfolio vs. Lease-Specific IBR: When Each Approach Works
This comprehensive guide addresses key questions including: What is the difference between portfolio and lease-specific IBR under ASC 842? and When should a portfolio approach to IBR be used for ASC 842 compliance?. Learn about compliance requirements, audit expectations, and best practices for compliance under ASC 842.
Responding to ASC 842 Audit Findings: A Controller's Playbook
This comprehensive guide addresses key questions including: What are common ASC 842 audit findings? and How do I respond to ASC 842 audit findings?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
Operating vs. Finance Lease Journal Entries: Side-by-Side Comparison
This comprehensive guide addresses key questions including: What are the key differences between operating and finance lease journal entries under ASC 842? and How do the journal entries for operating leases differ from finance leases for initial recognition?. Learn about compliance requirements, audit expectations, and best practices for close under ASC 842.
Complementary User Entity Controls (CUECs) for Lease Software
This comprehensive guide addresses key questions including: What are Complementary User Entity Controls (CUECs) in the context of lease software? and How do CUECs ensure the reliability of lease accounting data?. Learn about compliance requirements, audit expectations, and best practices for controls under ASC 842.
Qualitative Lease Disclosures: Narrative Requirements
This comprehensive guide addresses key questions including: What are the key qualitative disclosure requirements for ASC 842? and How do narrative disclosures differ from quantitative disclosures in ASC 842?. Learn about compliance requirements, audit expectations, and best practices for disclosures under ASC 842.
Lease Modification Documentation: What to Capture and Retain
This comprehensive guide addresses key questions including: What documentation is required for ASC 842 lease modifications? and How long should lease modification documentation be retained?. Learn about compliance requirements, audit expectations, and best practices for compliance under ASC 842.
ASC 842 Substantive Testing Procedures: What Auditors Actually Do
This comprehensive guide addresses key questions including: What are the key substantive testing procedures for ASC 842 lease accounting? and How do auditors verify lease data under ASC 842?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
Continuous Compliance: Building Sustainable Lease Accounting
This comprehensive guide addresses key questions including: How can organizations maintain continuous ASC 842 compliance? and What are the key components of a sustainable lease accounting compliance program?. Learn about compliance requirements, audit expectations, and best practices for compliance under ASC 842.
Quality Control Procedures for Lease Abstraction
This comprehensive guide addresses key questions including: What are the key quality control procedures for lease abstraction? and How can lease abstraction quality control prevent audit discrepancies?. Learn about compliance requirements, audit expectations, and best practices for compliance under ASC 842.
IBR for Companies Without External Debt
This comprehensive guide addresses key questions including: How do companies without external debt calculate IBR for ASC 842? and What factors influence the IBR for debt-free companies under ASC 842?. Learn about compliance requirements, audit expectations, and best practices for compliance under ASC 842.
Common Lease Journal Entry Errors and How to Prevent Them
This comprehensive guide addresses key questions including: What are common ASC 842 lease journal entry errors? and How can I prevent lease accounting entry mistakes?. Learn about compliance requirements, audit expectations, and best practices for close under ASC 842.
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.
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