This report is one of a series on the adjustments we make to convert GAAP data to economic earnings. Reported earnings don’t tell the whole story of a company’s profits. They are based on ...

NEW YORK - JANUARY 31: The former Philip Morris office building, now called Altria, is shown January 31, 2003 in New York City. The company changed names to Altria at a recent shareholder's meeting ...

FASB Accounting Standards Codification (ASC) Topic 842, Leases, issued in February 2016, marked a significant overhaul in the financial reporting of long-term leases. Its adoption created many ...

Rochester Institute of Technology adopted the Financial Accounting Standards Board (FASB) new accounting guidance on leases FASB Accounting Standards Codification Section 842 ("ASC 842") on July 1, ...

Slowly but surely, more private businesses are adopting the new lease accounting standard as they face demands to put their operating leases on their balance sheets for the first time. The Financial ...

Joe Purvis, CPA, has taken a different tone with his not-for-profit clients this year with respect to lease accounting. For the past several years, each time Purvis’s not-for-profit clients have asked ...

*This article is sponsored by Viking Equipment Finance. An equipment sale leaseback is a financial arrangement where a company sells its equipment to a leasing company or financial institution and ...

There has been a significant decline in the proportion of fleets using an operating lease to fund their vans. The overwhelming majority (87%) of the Fleet200 used the funding method for some of their ...

Willis Lease Finance Corporation closed three JOLCO transactions totaling $64.8 million, enhancing its financing options and partnerships. Willis Lease Finance Corporation (WLFC) announced the ...