Category Archives: New Lease Accounting Rules

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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How To Transition From Current to the New Lease Accounting Rules: A Comprehensive Example.

This week’s blog is a comprehensive example explaining how to transition from current GAAP to the new lease accounting standards. We will be using a real life scenario that one of our clients graciously allowed us to use as an … Continue reading

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How to Create a Lease Liability Amortization Schedule Under New Lease Rules

Last week’s blog focused on one important thing: How to calculate the present value of lease payments using excel spreadsheets. This week, we will show you how to calculate the present value of minimum lease payments AND prepare the liability amortization … Continue reading

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Key Differences Between Current GAAP and The New Lease Standard

Key Differences Between Current GAAP and The New Lease Standard In this post we will address the differences between current GAAP and FASB’s new lease accounting standard, with a focus on lessees. Note that unlike other blogs covering accounting for … Continue reading

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6 Myths About the New Lease Accounting Rules!

This post addresses the biggest misconceptions about the new lease accounting rules. Myth 1: All Leases will be affected. To continue reading, click here. About LeaseQuery:  LeaseQuery is lease management software that helps companies manage their leases.  Rather than relying on excel spreadsheets, … Continue reading

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