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The Art of Shrinking: Lease Adjustments for Real Estate Downsizing

Course Description

Join FinQuery’s lease accounting expert Rachel Reed, as she explores what you can do if you find your current real estate lease portfolio may be more than you need and how to account for the various changes you make to your leases as a result.

During this presentation, Rachel will walk through different scenarios related to reducing your leased space, including considerations for subleasing, how to account for a partial termination, what to evaluate for a potential impairment, and lastly, when to determine you have a lease abandonment. We’ll also discuss some of the financial reporting and disclosure ramifications of the various options.


Learning Objectives

  • Discuss evaluating your current real estate leases and the options available if they need to be adjusted to meet your current organizational needs
  • Understand the steps to take to sublease your space and the appropriate accounting treatment
  • Describe the approach to recording a partial termination under ASC 842
  • Identify the key considerations to evaluating for an impairment and recognizing an asset abandonment and the differences between the two


  • Basic understanding of lease accounting

Who Should Attend

Accounting and finance professionals who manage medium to high volume lease portfolios as well as accounting and consulting professionals who work with clients in this category.


Advanced Preparation



Benjamin Belk

Rachel Reed

Accounting Manager at FinQuery

Rachel’s experience includes working in the audit practice at EY, where she served clients across a wide variety of industries in both the public and private sectors. As an Accounting Manager at FinQuery, Rachel guides potential clients through the benefits and functionalities of lease accounting technology. She is also dedicated to educating FinQuery’s customers on the new lease standards and supporting them through the implementation process.

CPE Webinar

Date & Time


Course Information

COURSE LEVEL Intermediate

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