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 ...

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 ...

Accounting and finance organizations for many multinational businesses are currently working to create plans for two separate lease accounting standards: the Financial Accounting Standards Board’s ASC ...

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 ...

A change is coming for private manufacturing companies: new accounting rules that will, on average, more than double the average liability balance. The new lease accounting rules codified under ASC ...

Businesses today are operating in an unprecedented time of change, forcing organizations to drive results while also navigating an increasingly complex marketplace. One such important change is with ...

For decades, companies have leveraged a tactic called off-balance sheet (OBS) financing to borrow for major capital expenditures, including real estate and equipment, without having to account for ...

When the calendar flipped from 2021 to 2022, your private company didn’t only enter yet another year. Instead, it entered when the latest Financial Accounting Standards Board (FASB) ASC 842 compliance ...

The Financial Accounting Standards Board has given U.S. private companies and nonprofits another year to start treating their operating leases as liabilities on their balance sheets. Now they have to ...