Editorial Policy
This page describes how the articles on this site are produced, reviewed and corrected. It exists so that a reader assessing our lease accounting content can see the process behind it rather than infer one.
Who writes this content
Articles are attributed to John Meedzan, Co-Founder and Managing Partner of iLease Management LLC, with more than 25 years in commercial real estate investment and technology within financial services. He holds a Massachusetts Real Estate license, NASD Series 7 and 63 registrations, and the PMI Project Management Professional certification.
How articles are produced
Articles are researched against primary sources, drafted with AI assistance, and reviewed and edited by a person before publication. We state this plainly because the alternative — implying that every article is typed by hand — would not be true, and a reader is entitled to know.
What matters for accuracy is not whether software helped produce a draft but whether the result is correct, specific and useful. Every article is expected to answer a real question, cite the codification section it relies on, and say something a reader could act on.
Which sources we rely on
The FASB Accounting Standards Codification is the authority for anything we say about ASC 842. Where an article makes a claim about the standard, it cites the specific section that supports it — for example ASC 842-20-30-1 for the initial measurement of a lease liability, or ASC 842-10-20 for the definition of the incremental borrowing rate.
Beyond the Codification itself, articles draw on published guidance from the FASB, the AICPA, and the major accounting firms. Those citations are linked in the article so a reader can check the source rather than take our word for it.
Corrections
When we find an error, we correct it. Corrections are made to the article itself rather than logged separately.
Where the underlying facts have changed rather than been reported wrongly — an effective date deferred, guidance superseded — we mark the article rather than silently rewrite it, so that a post reporting what was true at the time still reads as what it was. Articles in that position carry a dated note explaining what changed.
How content is reviewed
Review is triggered rather than scheduled. An article is revisited when the underlying guidance changes, when a reader or an internal check surfaces a problem, or when we are updating the surrounding cluster. We do not currently operate a fixed review cycle, and we would rather say so than describe one we do not run.
Disclaimer
Read this before relying on anything on this site.
We are not a technical accounting provider. iLease Management LLC is a software company. We are not a certified public accounting firm, an audit firm, a tax adviser or a law firm, and we are not registered or licensed to provide accounting, auditing, tax or legal services. Nothing on this site creates an accountant-client, auditor-client, adviser-client or attorney-client relationship, and no such relationship is created by reading, downloading, subscribing to or corresponding with us about this content.
Every article is a reference, not an authority. These articles are general background material about lease accounting under ASC 842. They are not accounting, tax, audit or legal advice; they are not an opinion on any transaction, balance, disclosure or financial statement; and they are not a substitute for the professional judgement of a qualified accountant who knows your circumstances. They do not take account of your entity, your contracts, your materiality thresholds, your reporting framework or your auditor's expectations.
Do not assume this content is correct. We take care with it and we correct errors when we find them, but we make no representation or warranty of any kind, express or implied, that any article is accurate, complete, current, reliable or fit for any purpose. This content is provided "as is" and "as available". Lease accounting guidance changes, interpretations differ between firms and between auditors, and an article that was correct when published may not be correct now. Publication dates are shown on every article so you can judge this for yourself.
Verify independently before you act. The FASB Accounting Standards Codification is the authoritative source for ASC 842, and it prevails over anything said here. Before relying on any statement on this site in a financial statement, a workpaper, a disclosure, an audit response or any other decision, verify it against the Codification and against advice from a qualified professional engaged to advise you. Any reliance you place on this content is entirely at your own risk.
No liability. To the fullest extent permitted by law, iLease Management LLC and its officers, employees, contractors and affiliates accept no liability for any loss, damage, penalty, restatement, audit finding, regulatory action or other consequence arising from the use of, or reliance on, anything published on this site, whether direct, indirect, incidental, consequential or otherwise, and whether or not we were advised of the possibility of it.
Third-party material. We link to the FASB, the AICPA, accounting firms and other outside sources so you can check our reasoning against theirs. We do not control that material, we are not responsible for its content or availability, and a link is not an endorsement, a partnership or a claim of affiliation.
Calculators and tools. Any calculator, checklist, template or worked example on this site is an aid to your own analysis, not a determination. The inputs, assumptions and judgements are yours to make, to support and to document. Outputs are illustrative and must be reviewed by a qualified professional before use in any financial statement or filing.
Terms governing the iLeasePro software itself, as distinct from this published content, are in our Terms of Service.
Telling us about a problem
If you believe something on this site is wrong, tell us. Corrections to accounting content are worth more to us than the inconvenience of making them.