New Lease Accounting Standard: How to Identify Embedded Leases
The New Lease Accounting Standard Checklist: How to Identify Embedded Leases While embedded leases are not a new concept in accounting, they are now...
Lease Accounting (2)
Lease Accounting: Why You Should Not Use Spreadsheets
If you are using spreadsheets to maintain your leases, you know what a pain those spreadsheets can be. They are error-prone, difficult to adjust, and...
FASB declines to extend nonpublic lease accounting effective date
Private companies and nonprofits will not see further relief from the effective date of FASB’s new lease accounting standard after the board voted...
What is a Right of Use Asset?
A right of use asset, or ROU, is a lessee’s right to use an asset over the course of a lease. More formally stated, an ROU asset is any non-monetary...