Nearly a decade after issuing lease accounting standards in 2016, the FASB is finishing a formal review of the rules.

Privately held companies are putting off implementation of the new lease accounting standard, even as the effective date approaches. Last year, in response to the pandemic, the Financial Accounting ...

Chances are you’ve already tangled with the ASC 842/IFRS 16 changes in standards determining how organizations should be accounting for leases on the balance sheet. The effective date for implementing ...

Please note: This item is from our archives and was published in 2019. It is provided for historical reference. The content may be out of date and links may no longer function. Donald J. Coduto is a ...

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 ...

With the new Financial Accounting Standards Board (FASB) lease accounting standard — Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), many companies are grappling with the transition ...

The Financial Accounting Standards Board (FASB) on July 30 issued an “Accounting Standards Update (ASU) 2018-11, Leases (Topic 842): Targeted Improvements” that aims to reduce costs and ease ...

Implementation of the new lease accounting standard has led to average balance sheet lease liability increases of 1,475 percent, according to new research from lease accounting technology provider, ...

This story appears in the March 14 print edition of Transport Topics. Long-awaited nationwide lease accounting standards will require fleets to take a close look at their accounting procedures to ...

The Financial Accounting Standards Board’s (FASB’s) new lease accounting standard will become effective for private companies and not-for-profits beginning with fiscal years that start after December ...

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, ...

On September 27, 2023, the Office of the Comptroller of the Currency (OCC) issued Version 2.0 of the Lease Financing booklet of the OCC’s Comptroller Handbook, which replaced Version 1.0 published in ...