A joint effort by the Financial Accounting Standards Board (“FASB”) and the International Financial Reporting Standards Foundation (“IFRS”) will fundamentally reset the accounting treatment of leases ...

The Financial Accounting Standards Board’s (FASB) recent lease accounting standards (ASC 842) are impacting toll agreements for stand-alone battery energy storage systems (BESS). These standards ...

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 ...

ASC 842, the new lease accounting standard, represents the most significant change in decades to the way companies account for leases under U.S. GAAP. For the first time, companies are required to ...

Members of the Financial Accounting Standards Board voted 6 to 1 at a meeting in March to create a new, optional transition method for lessees under the ASC 842 lease accounting standards. The new ...

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 ...

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 ...

As a result of Covid-19 and the changing landscape related to leases, private companies have received more time to prepare for and adopt the new lease accounting standards in their financial reporting ...

CHARLOTTE, N.C.--(BUSINESS WIRE)--DebtBook, a leading provider of treasury and accounting software, today announced the launch of its new ASC 842 Lease Management solution, designed to simplify lease ...

ATLANTA--(BUSINESS WIRE)--With the final ASC 842 lease accounting compliance deadline finally in sight, private companies are quickly shifting focus after 73% deprioritized their lease accounting ...

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 ...

iLeaseXpress: An easy-to-use, affordable ASC 842 cloud solution for companies managing 15 leases or fewer, starting at just $99/month. Free for under 5 leases. Many companies use spreadsheets, which ...