Author Archives: George Azih

6 Lease Accounting Errors You’re Probably Making (And How to Fix Them) – PART 2

This is the second of a two-part series: 6 Lease Accounting Errors You’re Probably Making (And How to Fix Them). Our previous post addressed the first 3 common accounting errors we have found after reviewing thousands of leases. To summarize, those common … Continue reading

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6 Lease Accounting Errors You’re Probably Making (And How to Fix Them).

To err is human. To forgive is against company policy. Our last blog addressed how to Account for Lease Amendments that Expand the Leased Premises. In today’s article, we will explain the 6 common lease accounting errors we have found after reviewing thousands of leases. One … Continue reading

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How to Account for Lease Amendments that Expand the Leased Premises

In a prior post, we explained how to account for leases when the tenant MUST expand the premises under the terms of the initial lease. In this blog post, we will explain how to account for a lease when the tenant expands a lease, … Continue reading

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Lease Accounting when Tenant Must Return the Asset to its Initial Condition.

Have you ever entered into an operating lease for a building, constructed leasehold improvements, and determined based on the provisions of the lease that you are legally obligated to remove the leasehold improvements at the end of the lease? Did … Continue reading

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Accounting for Leases with Termination Options

In our last blog, we explained how to account for leases where the tenant must take additional property (or expand) in the future. Today’s blog addresses accounting for leases which include a termination at will option. It was inspired by the following … Continue reading

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