Lessor Accounting Isn't Always Lesser Accounting

We’re putting lessors under a much-deserved lease accounting spotlight in this episode as we discuss technical considerations for lessors under ASC 842.
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
For more information on lessor accounting:
Connect with Embark on:
Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.