operating lease

Accounting for Capital Leases (Lessee’s Perspective)

The economy seems to be getting a bit better for a lot of companies out there and, hopefully, your company is one of them.  Perhaps you have decided it is time to get some new equipment and consider leasing the … read more

Proposed Lease Accounting Rules May Require a Change in How You Do Business

The Financial Accounting Standards Board (FASB) has proposed significant changes to accounting for leases.   If your business uses leases to finance long term assets, you should be familiar with these proposed changes.  The off-balance sheet financing currently available under the … read more

Future for Lease Accounting Still Uncertain

For several years the FASB (Financial Accounting Standards Board) and the IASB (International Accounting Standards Board) have been working on converging their standards.  One of their more prominent projects has been lease accounting. Since FAS 13 was issued in 1976, … read more


Every business is not the same. Large, small, domestic or international, each and every business has different set of rules and regulations to follow. These can be nearly impossible to keep up with and even harder to find the information needed to understand those complexities. That’s where we come in. As a service to our clients, and other interested parties who are involved in or in need of audit and accounting services, we'll gather all of the information for you. We'll keep you up-to-date on the latest laws and regulations and we will even add our own personal insight into what else is occurring that may impact your business. We will provide these posts weekly and hope to get your input and feedback on the various topics. We will also share that feedback with others, as we find appropriate.

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