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 ...

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 ...

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 ...

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 ...

More than half of global businesses are unaware of pending lease accounting changes that would virtually eliminate the use of off-balance sheet leases, according to a new survey by Grant Thornton. The ...

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, ...

Subscribe to BizTimes Daily – Local news about the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin. Beginning next year, all private companies will have to ...

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 ...