Lessor Accounting Isn't Always Lesser Accounting

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:

• A Lessor’s Quick Guide to the New Lease Standard ASC 842
• ASC 842, Leases

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