Jace Chambers

Jace Chambers

Jace Chambers
  • 5 min read
  • June 29, 2022

How to Account for Leases Acquired in a Business Combination under ASC 842

What happens to leases when businesses combine? When a business is sold to another business, the acquiring business needs to allocate...
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Jace Chambers
  • 6 min read
  • April 18, 2022

Issues with Leases in a Foreign Currency FX (ASC 842)

If you have leases where the contract currency is different than the functional currency, you have probably thought about the...
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Jace Chambers
  • 10 min read
  • April 06, 2022

How to Build a Better Month-End Close Process

The goal of closing the books each month is to lock the general ledger from future transactions. To accomplish this, we need to make...
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Jace Chambers
  • 3 min read
  • January 25, 2022

Lease Incentives: What to do when timing is uncertain?

Lease incentives are cash concessions received from a lessor that reduce the lease expense recognized over the term of a lease. These...
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