Accounting Matters

We’re putting lessors under a much-deserved lease accounting spotlight in this episode as we discuss technical considerations for lessors under ASC 842.

Show Notes

Lessors have feelings, too. It’s hard to tell, though, at least with all of the attention lessees receive in the ASC 842 fervor. But we’re bucking trends in this episode of Accounting Matters, where co-hosts Adam Olsen and Sarah Cage Richter are joined by Embark’s National Quality Senior Manager Julie Avellanet for a hearty discussion on lessor considerations under the new lease accounting standard, covering topics like:
  • Lease classification tests and areas where prior classification outcomes may differ
  • Contract consideration allocations and applying the available expedient
  • Variable lease payments in sales-type leases and recently issued ASU 2021-05
  • Collectibility matters and impacts to income recognition
  • Increased lessor disclosure requirements
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What is Accounting Matters?

Accounting Matters lives up to its title, covering vital accounting topics that actually matter to professionals in the accounting trenches. We start with a new topic and definition every episode, then highlight and discuss the key areas, from evaluation to reporting. Accounting Matters is hosted by public accounting veterans Adam Olsen & Nicole Harger from advisory firm Embark.

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