CRI CapinCrouse Lease Toolkit

Many nonprofit organizations have questions about applying the lease accounting standard, Financial Accounting Standards Board (FASB) ASC 842.

We developed the CRI CapinCrouse Lease Toolkit to simplify the process of planning for and implementing ASC 842. The free resources in the Lease Toolkit will help you:

• Understand the lease accounting standard
• Extract the necessary information from your lease contracts
• Generate the related lease calculations and disclosures

Explore these free resources below!

Key Lease Decision Guide

This step-by-step guide walks through the changes to lessee accounting, from the initial key determination of whether a contract is or contains a lease through the accounting calculations and disclosure summary.

The guide covers:

• The changes made to lessee accounting
• Common aspects of a lease contract that influence how an organization classifies and accounts for the contract
• Key decisions your organization will need to make when implementing the new standard

Download the Key Lease Decision Guide >

Lease Information Gathering Form

Our Lease Information Gathering Form is designed to be used with the Key Lease Decision Reference Guide to extract and summarize decisions.

The Excel form follows the order of the guide so you can easily refer to the definitions. Once your organization has completed this form for each lease, you will have all the information for your lease calculations compiled in a single document.

Download the Lease Information Gathering Form >

Lease Calculation Tool

Use the Lease Calculation Tool to produce the amortization table and journal entry summary for each of your leases. The tool will then consolidate the necessary disclosures from each of your organization’s leases into one easy-to-use table for financial statement purposes.

Download the Lease Calculation Tool >

Questions? We’re Here to Help

The Lease Toolkit is designed to help you implement the lease accounting standard efficiently and effectively. Please contact us with questions or to discuss how CRI and CapinCrouse can assist your nonprofit with this process.