In 2016, the Financial Accounting Standards Board (“FASB”) broadly updated its lease accounting standards in ASC 842. Initially, all entities were required to adopt these rules by 2020. However, due ...

ASC 842, the new lease accounting standard, was adopted by most public companies at the start of 2019. Called by some experts “the biggest accounting change ever,” the new leasing standards are moving ...

Gathering data is the most complex and time-consuming part of the lease accounting compliance journey. Gathering data is the most complex and time-consuming part of the lease accounting compliance ...

The Lease Accounting Institute has launched the Certified Global Lease Accountant (CGLA) training program and professional designation. The CGLA training program and professional designation will ...

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 ...

If your business leases equipment, vehicles, office space or other facilities, the proposed lease accounting standards could have a significant impact on your company’s financial statements. Over the ...

If your company leases real estate or equipment, proposed changes in lease accounting standards could add significant debt to your balance sheet, change the way your business is perceived by investors ...

Moving the measurements of operating leases from the footnotes of GAAP financial statements under FASB ASC Topic 840, Leases, to the balance sheet as assets and liabilities under Topic 842, Leases, ...

This content was paid for by an advertiser and created by Crain's Custom Content. The new Financial Accounting Standards Board (FASB) and international financial reporting standards (IFRS) lease ...

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 ...

The proposed new rules on accounting changes for leases won’t go into effect until at least 2012, but the leases you sign now will be subject to those new rules. As a result, businesses — especially ...