Lease Accounting Insights
Expert guidance on ASC 842, lease management, and industry best practices
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Incremental Borrowing Rate Methodology: A Complete Framework
This comprehensive guide addresses key questions including: What is the Incremental Borrowing Rate (IBR) methodology in ASC 842? and How is the Incremental Borrowing Rate calculated under ASC 842?. Learn about compliance requirements, audit expectations, and best practices for compliance under ASC 842.
Material Weakness vs. Significant Deficiency in Lease Accounting
This comprehensive guide addresses key questions including: What is the difference between a material weakness and a significant deficiency in lease accounting? and When does a significant deficiency escalate to a material weakness?. Learn about compliance requirements, audit expectations, and best practices for controls under ASC 842.
Embedded Leases in Service Contracts: Identification Checklist
This comprehensive guide addresses key questions including: How do I identify embedded leases in service contracts? and What are the key indicators of an embedded lease?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
ASC 842 Audit Readiness Checklist
This comprehensive guide addresses key questions including: What is an ASC 842 audit readiness checklist? and How can I prepare for an ASC 842 audit?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
ASC 842 PBC List: Complete Documentation Guide
This comprehensive guide addresses key questions including: What documentation is required for an ASC 842 audit? and How do I prepare a PBC list for ASC 842 compliance?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
ASC 842 Internal Control Framework: Comprehensive Guide
This comprehensive guide addresses key questions including: What is the ASC 842 internal control framework? and What are the key components of an ASC 842 internal control framework?. Learn about compliance requirements, audit expectations, and best practices for controls under ASC 842.
Lease Population Completeness
This comprehensive guide addresses key questions including: How do auditors verify lease population completeness under ASC 842? and What are the key steps in ensuring lease population completeness for ASC 842 compliance?. Learn about compliance requirements, audit expectations, and best practices for audit under ASC 842.
Lease Accounting Cycle (ASC 842)
This comprehensive visual shows exactly how ROU assets, lease liabilities, interest expense, and amortization flow through each stage from transaction identification to closing entries. Learn how lease accounting impacts journal entries, general ledger accounts, adjusting entries, and all three financial statements…
What FASB’s PIR Reveals: Lease Accounting Costs Were Higher Than Expected
FASB’s review of ASC 842 found implementation and application costs were significantly higher than expected, even as investors favored balance sheet recognition of operating leases. We break down the takeaways and how to control ongoing compliance costs.
Preparing for ASC 842 Audits: Building a Reliable Lease Accounting Trail
Learn what auditors look for under ASC 842, common compliance pitfalls, and how automation can simplify audit readiness and strengthen your lease accounting process.
FASB Lease Accounting Roundtable: Key Takeaways from the September 12, 2025 Session
On September 12, 2025, the FASB held a public roundtable to review the effectiveness of ASC 842. Stakeholders discussed benefits, costs, and continuing challenges. Here are the main takeaways for accounting teams and executives.
iLease Management Expands Lease Abstraction Leadership
iLease Management strengthens its Lease Abstraction Services, offering accurate, scalable, and cost-effective solutions that simplify ASC 842 compliance and support audit readiness.
iLeasePro Achieves SOC 1 Type 2 Certification for Lease Management & ASC 842 Compliance
iLease Management LLC and iLeasePro have attained SOC 1 Type 2 certification, validating operational controls and strengthening client trust. This milestone ensures greater security, audit readiness, and compliance for lease management and ASC 842 accounting.
iLeasePro Empowers Companies with ASC 842 Lease Accounting Compliance and Significant Cost-Saving Benefits
iLeasePro expands its ASC 842 capabilities, helping organizations streamline lease management from abstraction to disclosure—cutting audit time and costs while delivering accurate, compliant reporting.
ASC 842 Six Years Later: Transparency Gains, Costs Keep Rising
Six years on, ASC 842 delivers real transparency—bond markets price lease risk, banks assess credit more accurately, and analyst forecasts improve. But private companies face recurring costs and Day-2 complexity. Here’s what FASB could refine next, with links to key research.
How Every Accounting Role Contributes to Lease Accounting (ASC 842/IFRS 16)
Discover how lease accounting compliance and insights depend on every finance role. This guide shows contributions, impacts, risks, collaboration, and strategic value for 15 roles, ordered by collaboration, plus a matrix for quick reference.
Cost Analysis and Lease Accounting: Why They Work Better Together
Understand what cost analysis and lease accounting each do, how they reinforce one another, and the risks of separating them. Includes a 5-year equipment lease example with assumptions, calculations, and a variance table.
ASC 842 Lease Accounting Guide With Real Estate & Equipment Examples
A practical ASC 842 walkthrough with operating and finance lease examples (office space and equipment), sample journal entries, measurement inputs, disclosure checklist, and internal links for deeper dives on embedded leases, discount rates, and modifications.
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