How Retailers Can Prepare for New Lease Accounting Standards

Brick-and-mortar stores remain a vital component of multichannel sales strategies, despite the steady march of e-commerce. And for many retailers, leasing that real estate (rather than buying it outright) has been the most economically expedient option. In 2020, nonpublic companies that report according to U.S. Generally Accepted Accounting Principles (GAAP) will be required to recognize [...]

2019-04-23T09:15:02+00:00April 17th, 2019|LEASE ACCOUNTING|

The Bright Side of Lease Accounting Compliance

For three years, the new lease accounting standard has been a dark cloud on the horizon for every company that follows U.S. Generally Accepted Accounting Principles. But as we approach December 15, 2019, the effective date for nonpublic companies, keep in mind that there is a silver lining. When companies look beyond compliance and take [...]

2019-01-30T14:02:48+00:00January 30th, 2019|LEASE ACCOUNTING|

Top 6 Mistakes to Avoid in Your Lease Accounting Plan

Ever since the Financial Accounting Standards Board (FASB) announced new lease accounting standards in 2016, businesses have worked to understand their responsibilities under the revised rules. The new rules apply to all companies. Nonpublic companies must comply starting with financial reports issued on or after December 15, 2020. While this deadline might feel like it’s [...]

2019-03-15T12:38:49+00:00November 20th, 2018|LEASE ACCOUNTING|

Leases By Pieces: Adding Up 5 Common Implementation Challenges

Experiencing challenges in relation to implementation of the new lease accounting standards? You are not alone. CRI's professionals are here to help identify possible solutions to common challenges such as: decentralization, data gathering, human capital resources, costs, and learning curve as Jeff Silver explains.

2018-11-12T15:43:20+00:00January 17th, 2018|LEASE ACCOUNTING, VIDEO|

Leasing or Buying: Which Provides Better Fertile Soil for Your Business?

Plants require fuel for growth, and a business is no different. Companies grow by synthesizing assets — people, equipment, and property — to deliver goods and services. It is typically easy to tell by looking at a plant if it is getting the right nutrition. An important gauge of a business’ health is the balance [...]

2019-04-08T14:52:14+00:00April 19th, 2017|LEASE ACCOUNTING|

5 Minutes On The New Lease Accounting Standard

The Financial Accounting Standard Boards’s (FASB’s) new lease accounting standard will substantially affect how businesses identify, classify, and measure leases. Therefore, companies may need to update their processes to record the newly required data. Watch as Bryan Hall, Alyssa Hill, and Bruce McFadden provide an overview of the mandate and explain how CRI [...]

2018-11-12T15:46:02+00:00February 15th, 2017|LEASE ACCOUNTING, VIDEO|

Polishing Up on the New FASB Lease Accounting Standard

The Financial Accounting Standards Board (FASB) released its anticipated update to lease accounting stipulations under accounting principles generally accepted in the United States of America (U.S. GAAP). The updated standard requires businesses to record and recognize the assets and liabilities of all leases with terms longer than 12 months. This mandate applies to both current categories [...]

2018-11-12T15:49:15+00:00March 8th, 2016|APRIL 2016, LEASE ACCOUNTING|