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Road to Compliance Podcast Series: Lease and Non-Lease Components

In an earlier podcast, we spoke with Kristin McLaughlin about how a lease is defined under the new FASB lease accounting standards. In this next podcast focused on the new policies, we talked about one of the first steps an organization must undertake if a lease is embedded in a contract, and that is distinguish between the lease and non-lease components of that contract.

Bart Waldeck, Tango’s CMO and SVP of Product Strategy, welcomes back Kristin McLaughlin, Senior Director, Technical Accounting Consulting (TAC) at RSM US LLP, and Rick Zelinsky, Vice President of Product Strategy at Tango to discuss how to differentiate between lease and non-lease components under ASC 842.

Transcript

To learn more about the steps your organization should consider to ensure compliance to the new lease accounting standards, visit The Road to Lease Compliance Resource Center.

Tango does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any lease compliance related activities.