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 ...
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 ...
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 ...
Crain's New York

New lease accounting standards: What private companies need to know

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 ...
Compliance Week

ASC 842 Lease Accounting Standard Handbook

Even though your deadline for complying may have moved out, it is time to start getting your organization ready to meet the new ASC 842 Compliance standard for private organizations. Your leasing ...
JD Supra

Covenants Reconsidered In Preparation for New Lease Accounting Rules (ASC 842; IFRS 16)

A joint effort by the Financial Accounting Standards Board (“FASB”) and the International Financial Reporting Standards Foundation (“IFRS”) will fundamentally reset the accounting treatment of leases ...
The Business Journals

Roadmap for companies: How to stay on track with lease accounting update (ASC 842)

Businesses today are operating in an unprecedented time of change, forcing organizations to drive results while also navigating an increasingly complex marketplace. Businesses today are operating in ...
Accounting Today

Differences between the FASB and IASB lease accounting standards, and how companies can prepare for both

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 ...
Rochester Institute of Technology

Lease Classification and Accounting

Rochester Institute of Technology adopted the Financial Accounting Standards Board (FASB) new accounting guidance on leases FASB Accounting Standards Codification Section 842 ("ASC 842") on July 1, ...
Forbes

New Lease Accounting Requirements And The Impact On Private Business And Nonprofits

Lease accounting is becoming more complex and detailed for private companies and not-for-profit entities. Business valuations may also be impacted by the new standard. Effective in fiscal years ...
Fierce Healthcare

Industry Voices—3 steps to reduce healthcare industry risks around new lease accounting standard

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 ...
QSR magazine

Restaurant Lease Compliance: What to Know

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 ...