Simplify accounting complexities
Comply with new lease standards
Maximize the value of your leases
A cloud-based solution designed to help you account for trillions of dollars in lease liabilities.
Lease accounting is complex and ever-changing regulations make compliance a real challenge for organizations reporting under FASB, IFRS, and GASB. That’s why HoganTaylor partners with LeaseQuery, a cloud-based lease accounting software built by accountants, to help our clients:
- Achieve mandatory compliance
- Unlock financial insights
- Identify cost-saving opportunities
- Maximize the value of their leases
- Improve operational efficiency
Lease Accounting Thought Leadership
HoganTaylor has been following and writing about lease accounting for many years. We are committed to keeping you advised about the latest lease accounting issues that can affect your organization.
Identifying Leases Under the New Lease Accounting Standard
After taking care of legacy leases, your next step in adopting “ASU 2016-2, Leases” is accounting for new leases. This process starts with identification.
ASU 2016-02: What to Know about the New Lease Standard
The objective of ASU 2016-02 is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements.
Legacy Leases Under the New Lease Accounting Standard
A discussion around new lessee implementation requirements on legacy leases and a summary of accounting under the new standard.