Lease Accounting

Stay compliant with evolving lease standards—AAFCPAs helps CFOs streamline lease calculations, reporting, and classification with guidance and advanced technology.

Lease Accounting Services for Accuracy & Compliance

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As CFOs know, lease accounting can be incredibly complex due to the detailed analysis required to identify and classify leases, including embedded leases in service agreements. This is made more complex and onerous when organizations have multiple leases and recurring lease modifications. The lease standard mandates recognizing right-of-use assets and lease liabilities on the balance sheet, which involves intricate calculations and significant judgment. AAFCPAs helps clients improve lease accounting accuracy and keep you compliant even as standards evolve. We utilize AI-enabled lease software to help clients streamline contract data, modifications, and reporting.

Impact Analysis

We help clients understand the impact of the lease standard on lease changes, including modifications, extensions, new leases, and terminations. Our services include assisting with the inventory of all existing leases and terms and analyzing qualifying lease agreements. We provide detailed summaries and accounting treatments, guidance on classifying leases as operating or finance, and advice on bundling lease agreements and similar policies to improve analysis efficiency.

Calculation Assistance

For clients with multiple leases, we use AI-enabled software to perform lease calculations quickly and provide monthly entries. This includes data entry and generating spreadsheets while maintaining auditor independence for assurance clients.

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Olga Yasinnik
Olga Yasinnik

Olga Yasinnik

CPA, MBA | Partner

Consulting Services

For non-attest clients, we offer comprehensive lease consulting services to support all aspects of lease management. Our expertise includes assisting with the selection and implementation of lease accounting software tailored to your needs, providing staff training on software usage, drafting policies and procedures for efficient lease management, and offering strategic guidance on lease-related decisions. Additionally, we host lease data in our software as appropriate. Our goal is to deliver tailored solutions that simplify lease accounting and ensure compliance.

  • “We appreciate the value AAFCPAs adds to our operations. In response to our goal of improving our internal controls, we hired AAFCPAs to perform quarterly reviews. I thoroughly enjoy the reviews and have become more knowledgeable in many areas such as grants—recognizing grant revenue and lease accounting. AAFCPAs is critically important in helping us gain efficiencies and lower risks. I consider them an excellent overall value.”

    Yvette Philip, Former Finance Director Brooke Charter Schools

Contact AAFCPAs

We look forward to speaking with you to determine how we may best solve your needs. A firm representative will reach out to you within one business day. Looking for additional ways to reach us? Visit our Contact Page. >>