New Lease Accounting Standard Has Finance Departments Scrambling
Ed Muna |
26 March 2018
Posts by Ed Muna
Private Companies Prepare for Upcoming Lease Accounting Changes
Ed Muna on February 12, 2019
In less than a year, private companies will need to implement a new accounting standard for the reporting of lease obligations. The new standard, ASC 842, was issued by the Financial Accounting Standards Board (FASB) in 2016 and goes into effect in January 2020 for private companies. ASC 842 now requires lessees to record lease obligations that are longer than one year on the company’s balance sheet as a Lease Liability and a Right-of-Use Asset. Prior to the change, these obligations were only recorded on the income statement.
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Lease Accounting Changes and How the Renewal Option Became Your Latest Liability
Ed Muna |
21 August 2017
For a Good Read, Try Your 2015 Operating Expense Reconciliation
Ed Muna |
04 April 2016
Lighten Your Load: How Lease Administration Services Are Saving Executives Time and Money
Ed Muna |
07 October 2015
How Your Landlord’s Capital Spending Is Hurting Your Bottom Line
Ed Muna |
13 July 2015
Why You Haven’t Audited Your Lease (And Why You Should)
Ed Muna |
24 February 2015
January Office Rent Statements Likely Hold Surprises
Ed Muna |
26 January 2015
Understanding the Estoppel Certificate
Ed Muna |
14 October 2014
FASB 13: How New Accounting Standards Could Impact Your Business
Ed Muna |
16 April 2014
Operating Expense Reconciliations: What to Look For in Your Annual Statement
Ed Muna |
02 April 2014
The Incredible Growing Buildings: Understanding Your Rentable Square Footage
Ed Muna |
05 February 2014
Hughes Marino’s Lease Audit Service Saves Tenants Big Bucks
Ed Muna |
14 January 2014
Erroneous Charges by Landlords Top $2 Million in 2012
Ed Muna |
18 April 2013
Understanding the Importance of Your “Base Year” Operating Expenses
Ed Muna |
18 July 2012
Ed Muna
Ed Muna is a senior vice president of Hughes Marino, an award-winning commercial real estate company specializing in tenant representation and building purchases with offices across the nation. Ed heads Hughes Marino’s Lease Administration and Audit Service divisions and helps tenants address issues that arise during their occupancy. Contact Ed at 1-844-662-6635 or ed@hughesmarino.com to learn more.
