Lease Accounting Insights
Expert guidance on ASC 842, lease management, and industry best practices
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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.
ASC 842 Sale-Leasebacks: What Companies Need to Know
Under ASC 842, sale-leasebacks move owned property off the books and bring right-of-use assets and lease liabilities onto the balance sheet. This article explains finance vs. operating lease classification, provides journal entry examples, and highlights risks including leverage impact, variable payments, and covenant compliance.
The Hidden Costs in Leases
Hidden lease costs often stem from provisions buried in contracts—such as CAM charges, gross-ups, admin fees, and uncapped escalations. If mismanaged, these costs can not only lead to overpayments but also appear as Critical Audit Matters in audits. This article explains the key terms, shares a tenant rep example, and shows how proactive audits and technology-driven lease management protect your bottom line.
Top Challenges in Lease Management — And How to Turn Them Into Your Biggest Wins
Explore the top challenges companies face in lease management, including ASC 842 compliance, data silos, and manual errors, and learn how to turn each into a measurable business win.
FASB's Public Markets Advisory Committee Meeting Recap
PMAC members agree that the leases standard (ASC 842) enhances transparency for investors and improves lease management, but note high initial implementation costs and ongoing challenges with compliance, especially around embedded leases and discount rate calculations.
Protect Lease Data: Cybersecurity in Lease Management
As lease management systems evolve, so do the cybersecurity risks tied to sensitive lease data. This article explores practical data protection strategies, compliance with regulations like GDPR and CCPA, and how to mitigate risks across digital lease platforms to protect your company’s financial and operational integrity…
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