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Curated Content

Retail Tenants and Landlords Evaluate Potential New Rent Arrangements due to COVID-19’s Impact on Sales

October 6th, 2020 | Curated Content

Many retailers are demanding better terms from landlords as the COVID-19 pandemic slows sales, such as paying a percentage of their sales as rent rather than a fixed monthly or quarterly fee. To offset some of the new risks, landlords are seeking to include a portion of a retailer’s digital sales in the pot of […]

IASB Proposes Coronavirus Relief on How Companies Account for Their Rent Concessions

April 27th, 2020 | Curated Content

Under the current ASC 842 lease accounting rules, rent concessions and other lease modifications could trigger the remeasurement of right of use assets and lease liabilities for each lease affected.  If you report under the international standard IFRS 16, help is potentially on the way that could ease this burden.  In the U.S., FASB has […]

ASC 842 Adoption Leads to Sharp Increases in Reported Lease Liabilities on Balance Sheets

February 24th, 2020 | Curated Content

Balance sheets across numerous industries showed large increases in lease liabilities due to ASC 842 adoption. Financial institutions saw the greatest increase across average lease liability. Companies continue to report that adoption and implementation of the new regulation took longer than anticipated, particularly in later stages of the transition.  Read the rest of the article […]

Are you in control of your lease data and lease accounting processes or are they in control of you?

February 21st, 2020 | Curated Content

If you are struggling with maintaining your lease data to stay in compliance with lease accounting standards, here are a few tips to help you through your closing period.  Read the full article on CFO. Contact us today if you need help controlling your lease data!

A New Trend for Performance Metrics?

June 17th, 2019 | Curated Content

In the aftermath of lease accounting standards ASC 842 and IFRS 16, public companies are now evaluating the impact of these changes on the calculation of common business performance metrics.  Some international companies are choosing to amend how they measure performance to account for these changes to clarify and qualify the information being presented.  Will […]

Private companies falling short on lease accounting standard

April 19th, 2019 | Curated Content

Approximately 40 percent of private companies are behind schedule on implementing the new lease accounting standard or haven’t started getting ready yet, even though the implementation deadline is approaching, according to a new survey. Read the rest of the article on Accounting Today

Companies Are Moving Slowly on ASC 842

April 19th, 2019 | Curated Content

Here’s a look at issues companies will face in implementing the new lease accounting standard. Read More

CFOs Uncover Surprise Savings as They Implement New Lease-Accounting Rules

January 22nd, 2019 | Curated Content

“As finance executives analyze thousands of lease contracts to comply with new rules, they’re rewarded with potential savings.”  Read the Wall Street Journal Article Here: CFOs Uncover Surprise Savings as They Implement New Lease-Accounting Rules

Does your company comply with the new lease accounting standard?

December 13th, 2018 | Curated Content

“Many companies still have plenty of work to do to comply with the new lease accounting standard. What’s holding them up?” Read the Full CFO Magazine Article Here: Lease Accounting Special Report: Ready or Not

Lease Accounting: Six Questions CFOs Should Ask Now

August 3rd, 2018 | Curated Content

A significant number of companies are ill-prepared to implement and comply with ASC 842, the new accounting standard – one that will bring an estimated $2 trillion of lease liability onto S&P 500 balance sheets. Organizations must start planning now to implement new business processes and internal controls to comply with the new guidance. If […]