One silver lining of COVID-19 appeared when private companies received a short reprieve from the new lease accounting standards courtesy of FASB ASC 842 — “reprieve” being the operative word here.

The US GAAP lease accounting standard, ASC 842, requires that all leases, both operating and finance, are moved on-balance sheet unless the lease term is less than 12 months. The on-balance sheet ...

Some recent accounting changes have been turning leasing, a long-understood aspect of CRE financial and contracts, into potential new legal sand traps. For example, there may be implications for ...

The Financial Accounting Standards Board’s new lease-accounting standard, ASC 842, went into effect for public transportation and logistics companies last year. FASB recently proposed extending the ...

Over the last two years, organizations have been scrambling to comply with the Financial Accounting Standards Board’s (FASB) new lease accounting standard ASC 842. Public companies needed to meet the ...

With the approval of new rules for lease accounting by the Financial Accounting Standards Board in 2016, lessees are considering how the new standard will affect them. Many of the lease accounting ...

The average liability increase is estimated to be 2.5 times higher than with the current accounting rules that go away at year’s end. A change is coming for private manufacturing companies: new ...

RESTON, Va.--(BUSINESS WIRE)--LeaseAccelerator, the pioneer in the Enterprise Lease Accounting software market, announced today the release of an analysis of SEC Comment Letters related to ASC 842 ...

Accounting and finance organizations for many multinational businesses are currently working to create plans for two separate lease accounting standards: the Financial Accounting Standards Board’s ASC ...

MILWAUKEE, Nov. 11, 2019 /PRNewswire-PRWeb/ -- LeaseCrunch, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, says that improperly recorded ASC 840 leases by ...