By now, you’ve sat through session after session discussing the impending lease standard. There are certainly the mechanics behind all of it; discount this, debit that, blah, blah, blah. Those of you who are dedicated ledger jockeys have it all squared away. For the rest of us, here are the practical business considerations that you …
Many leases include incentives offered in the form of free or reduced rent, or up-front cash payments for items like moving expenses or improvements needed to customize the rental space as an enticement for a lessee to sign a lease. These incentives require specific accounting treatment in order to be recorded in accordance with U.S. …
Leasing equipment continues to be an attractive option for many companies compared to buying equipment outright. After going through the decision process of leasing new equipment, do you know how to account for it? The first question you should ask is “What type of lease is it?” Is it a capital lease or an operating lease? There are …