Monthly Archive: November 2014

Nov 24 2014

How to get started preparing for the Lease Accounting changes

The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) are proposing major changes in the accounting for leases for both lessees and lessors, with the major emphasis being directed to the lessee community. The result of these changes will be the elimination of the operating lease form of accounting, except for …

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Nov 10 2014

Effective Use of Technology for Lease Management

Lessees sometimes underestimate how technology can be such an effective tool in tracking critical issues related to a lease portfolio. For example, many leases contain option features or triggering events in certain clauses that should be highlighted for ready monitoring. Keeping lease details such as these on Excel spreadsheets or worse buried in file cabinets …

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