Shifting application from an individual lease to a portfolio level offers practicality and cost minimization for companies adopting FASB’s new lease accounting standard. Here are tips for applying a ...

With the first year of the new lease accounting standards implementation complete, organizations find themselves at a critical juncture — the commencement of "day two" accounting. While the initial ...

In early 2016, the Financial Accounting Standards Board (FASB) issued the most significant change to financial reporting for leases in 40 years. For the first time, most operating leases will be ...

In early 2020, the COVID-19 pandemic added another element of business disruption for organizations to manage while the effective dates to comply for FASB’s new lease accounting standards were quickly ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Accounting for leases requires lessees to record on their ...

The Financial Accounting Standards Board issued its long-anticipated update to ASC 842 – Accounting for Leases, in February 2016. Tenants will see some significant changes to their financial ...

In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. As per the Financial Accounting Standards Board updated accounting standards, ASC 842 requires that all leases, ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Last year, the Governmental Accounting Standards Board (GASB) voted to defer the effective ...

Fleets that lease their trucks should start preparing now for new lease accounting rules that begin taking effect for public companies at the end of next year, accounting professionals and industry ...

Signing a lease for an office copier commits your business to making regular monthly payments for the term of the lease. These payments are a liability on your account because they are an expense that ...

WOODBRIDGE, NJ / ACCESSWIRE / December 21, 2023 / Visual Lease (VL), the #1 lease optimization software provider, today announced it has been featured in 55 of G2's 2024 Winter reports and received 17 ...

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