ASC 842 – A Guide to Embedded Leases
With the adoption of ASC 842 comes the challenge of identifying embedded leases. While the concept of embedded leases also existed under ASC 840, the treatment of expenses under these contracts did not vary from other operating leases, so the identification was...
Six Common Mistake Companies Make When Adopting ASC 842
At National Lease Advisors, we have helped many companies get through a smooth adoption of the new lease accounting standard, ASC 842. Many of these companies had attempted to take on the accounting adoption alone but realized they needed significant assistance, so...
Lease Audit: Putting the 2020 CAM Reconciliation Under the Microscope
With many companies in cost-savings mode and fighting to get through this COVID-19 recession, there has never been a better time to review and validate operating expense charges for accuracy and ensure they comply with the lease. The process is simple, the savings can be significant, and tenants have nothing to lose by practicing this exercise.
National Lease Advisors Offers Turnkey Lease Administration Solutions for ASC 842
National Lease Advisors offers a turnkey solution that brings together lease administration and accounting systems to ensure a successful ASC 842 adoption for any company with a portfolio of leases.
