Latest Lease Management & Lease Accounting Intelligence Articles
New ASC 842 lease accounting & lease management articles, newest first.
Looking for a specific topic? Browse all 357 articles by topic in the Knowledge Base →
IFRS 16 vs ASC 842: Where the Two Lease Standards Part Ways
Where IFRS 16 and ASC 842 give a lessee different numbers: the single versus dual expense model, the low-value exemption, index-linked rent, the private-company risk-free rate, subleases and sale and leasebacks, with a paragraph-by-paragraph comparison table and one five-year lease expensed both ways.
Accrued Rent Accounting Under ASC 842: Where the Balance Went and When an Accrual Still Appears
Where accrued rent sits under ASC 842 for an operating lease with escalating payments: a 5-year schedule in which the gap between lease liability and ROU asset equals cumulative straight-line cost less cash, the transition entry for an ASC 840 balance, and the three accruals still booked separately.
Related Party Leases Under ASC 842: Enforceable Terms, Common Control and Leasehold Improvements
How a private company accounts for a building it rents from its owner’s real-estate entity: legally enforceable terms versus the written lease under ASU 2023-01, the amortization period for leasehold improvements in a common control lease, and what the related party note discloses.
Small Business Lease Accounting: What ASC 842 Asks and Where It Simplifies
What ASC 842 asks of a small private company that issues US GAAP statements, a decision matrix of the six simplifications open to it with the paragraph behind each and its effect on the books, and one lease measured at a risk-free rate and at an incremental borrowing rate.
ASC 805 Business Combinations and Lease Accounting for the Acquirer
How a private-company acquirer accounts for an acquired company’s leases under ASC 805 and ASC 842: remeasuring each lease liability at the acquisition date, adjusting the right-of-use asset for favorable or unfavorable rent, keeping the acquiree’s classification, dropping its deferred rent, and what falls into goodwill.
Foreign Currency Conversion in Lease Accounting: What Moves and What Stays
How a US lessee converts a lease denominated in a foreign currency into dollars: which exchange rate applies to the lease liability, which applies to the right-of-use asset, where the exchange gain or loss lands, and a worked euro-lease example with every input shown.
Lease Abandonment and Cease-Use Accounting Under ASC 842
What happens on the books when a lessee abandons leased space but the lease runs on: the ASC 360 impairment test at the decision date, the shortened right-of-use amortization to the cease-use date, the lease liability that does not move, and a worked four-year example with every input stated.
Lease Adjustments in Real Estate Downsizing: Four Routes and What Each Does Under ASC 842
Which route a company takes to shed office space, and what each one does to the right-of-use asset, the lease liability and earnings under ASC 842: a partial termination with a worked example, a full termination, a sublease of surplus space, and abandonment of space still under lease.
Off-Balance-Sheet Financing, Liabilities and Lease Accounting Under ASC 842
How ASC 842 ended off-balance-sheet operating leases for private companies, which leases and payments still stay off the balance sheet, and a worked before-and-after table showing what recognition does to total liabilities, debt-to-equity and EBITDA.
Rent Abatement and Rent-Free Period Accounting Under ASC 842
How a rent-free period written into a lease differs from an abatement granted later under ASC 842, with a 5-year, 3-free-month operating lease schedule showing straight-line cost, cash paid, and the lease liability and ROU asset at the end of years 1 and 2.
Rent Concessions in Commercial Leases: Types and How Each Is Accounted for Under ASC 842
Which rent concessions are lease incentives at commencement, which are lease modifications, and what each one does to the right-of-use asset and the lease liability.
Tenant Improvement Allowance Accounting for ASC 842
How a tenant improvement allowance changes the lease liability, the right-of-use asset and the year-one journal entries under ASC 842, with one $60,000 TIA worked two ways: received at commencement and received a year later.
How Auditors Test ASC 842 Lease Data
What are the key data points auditors focus on when testing ASC 842 leases? How do auditors verify the completeness and accuracy of lease data under ASC 842?
Lease Accounting Control Framework Explained
What constitutes an effective lease accounting control framework under ASC 842? How do internal controls for ASC 842 prevent material misstatements in financial reporting?
How to Abstract Lease Data for ASC 842
What is lease data abstraction and why is it critical for ASC 842 compliance? How do I identify key data points for lease abstraction under ASC 842?
ASC 842 Transition Methods Explained
What are the key ASC 842 transition methods available to entities? How do the effective dates of ASC 842 impact transition method selection?
Healthcare Embedded Leases: How to Identify Them
What is an embedded lease in healthcare under ASC 842? How do I identify embedded leases within service contracts in healthcare?
ASC 842 Journal Entries Explained with Examples
How are journal entries recorded for operating leases under ASC 842? What is the initial journal entry for a finance lease under ASC 842?
ASC 842 for Healthcare: Audit Readiness Checklist
What defines healthcare leases under ASC 842 for audit purposes? How should healthcare organizations prepare an ASC 842 audit readiness checklist?
Hospital Real Estate Leases: ASC 842 Challenges
What are the unique challenges hospitals face with ASC 842 compliance? How do hospital real estate leases complicate ASC 842 financial reporting?
Tour of iLeasePro
Schedule a Demo
Check Out Knowledge Base