Monthly Archives: November 2014

Lease Accounting Transition: From Operating Lease to Type B Lease

The following shows the steps to take when moving from an Operating Lease to a Type B Lease. The above simply outlines the steps. For a detailed example of how to go from an Operating Lease to a Type B … Continue reading

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How To Identify Contracts With Embedded Leases

The following decision tree shows how to determine if a service contract has an embedded lease. Click here for a detailed explanation of the decision tree. It explains in detail implicit and explicit identification, right of substitution and transfer of control. … Continue reading

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