How to Account for Lessee Finance and Operating Agreements: ASC 842
Most CPAs grapple with leases from the lessee’s point of view, so in this post, we’ll look at finance…
Changes in Leases and the Leasing Industry: ASC 842
The Leasing Industry will Change In my last lease post, we saw that bright-line criteria (e.g., lease terms of…
See Why Auditing Debt Correctly is Important
Debt can easily be the most significant liability of a company. That’s why it’s essential to understand the risks of material misstatement in this area and how to respond.
Keys to Understanding GASB 87 Lease Accounting Now
Are you looking for GASB 87 lease accounting information? Are you a government that leases assets? Then you’re in…
Debt Issuance Costs: New Parking Place
Debt issuance costs have a new parking place. For some time now, such costs were booked as a deferred…