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US GAAP Operating Lease Accounting: A Guide to ASC 842 (Lessee Perspective)

Operating leases have long been a common mechanism for companies to access and use assets without owning them outright. Historically, many of these leases were kept off the balance sheet, limiting ...
The Business Journals

New ASC 842 lease accounting in oil and gas, renewable energy and utilities

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 ...
JD Supra

The Impact of the ASC 842 Lease Accounting Standards on a Toll Agreement for Stand-Alone BESS

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 ...
Accounting Today

The search for lease accounting’s ‘new normal’

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 ...
Accounting Today

Best practices for implementing the new lease accounting standard

The new standard requiring all leases longer than 12 months to be recorded on balance sheets is now in effect for nonpublic companies with a fiscal year beginning after Dec. 15, 2021. Processing ...
JD Supra

Are Your Financial Covenants Ready for the New Lease Accounting Standard?

Commercial loan documents may be impacted by new treatment of leases under ASC 842 Lenders and non-public companies should be aware of the impact of Financial Accounting Standards Board (FASB) ASC 842 ...

Crunchafi Hosts Webinar to Help Firms Navigate Judgment Calls and “Fine Print” Under ASC 842

As firms continue to operationalize ASC 842, many of the most challenging issues are no longer about basic implementation, but about the “fine print” decisions that drive ongoing compliance and audit ...
AgWeb

What to Know: New Farm Lease Rules

In December, new accounting standards for reporting leases are scheduled to go into effect. The intention: To more accurately portray leases’ implications for a company’s financial health. Under the ...
AOL

Here's what businesses need to know about lease accounting changes

With the new lease standard, Financial Accounting Standards Board (FASB) ASC 842, soon to be in effect for private companies with fiscal years beginning after Dec. 15, 2021, now is the time for ...
The Business Journals

Long-awaited lease accounting standard for private companies is finally here

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The Financial Accounting Standards Board’s (FASB’s) new ...
Business Wire

New Report From The Visual Lease Data Institute Reveals Urgent Action Needed for Private Companies to Comply With Lease Accounting Standard ASC 842

WOODBRIDGE, N.J.--(BUSINESS WIRE)--Visual Lease, the #1 lease optimization software provider, today unveiled the results of an in-depth study of 500 senior finance and accounting professionals ...
Business Insider

LeaseAccelerator to Host Webinar on Real Estate Lease Accounting Challenges Under ASC 842

RESTON, Va., Aug. 27, 2018 /PRNewswire-PRWeb/ -- LeaseAccelerator, the pioneer of the Enterprise Lease Accounting software category, announced that it will host a webinar to discuss the key challenges ...