Accounting Today

3 common mistakes in lease accounting

A collective sigh of relief from the small-business community was practically audible last month when the Financial Accounting Standards Board voted to delay the adoption date of Accounting Standards ...
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

Under New Lease Standard: Interpreting ‘Class of Underlying Asset’

The Financial Accounting Standards Board (FASB) has issued several new Accounting Standards Codifications (ASC) and Accounting Standards Updates (ASU) over the past two years. This has resulted in ...

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 ...
Business Wire

DebtBook Launches New ASC 842 Lease Management Solution for Nonprofit, Higher Education, and Healthcare Teams

CHARLOTTE, N.C.--(BUSINESS WIRE)--DebtBook, a leading provider of treasury and accounting software, today announced the launch of its new ASC 842 Lease Management solution, designed to simplify lease ...
The Business Journals

Top 3 tips to implementing the new leasing standard, ASC 842

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In July 2019, the Financial Accounting Standards Board ...
Compliance Week

White paper: ASC 842 Lease Accounting Standard Handbook

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 ...
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 ...
Business Wire

Apex Tool Group Successfully Adopts ASC 842 Compliance Following Implementation of Visual Lease Accounting Software

WOODBRIDGE, N.J.--(BUSINESS WIRE)--Visual Lease, the leading provider of lease accounting and management software, today announced that Apex Tool Group, LLC (ATG), successfully implemented Visual ...
KOIN 6

CRE SOFTWARE COMPANY PROVIDES FASB ASC 842 LEASE NEGOTIATION TIPS

Implementing FASB ASC 842 and IFRS 16 Standards Is Just the Beginning HOUSTON, July 15, 2022 /PRNewswire/ -- Commercial real estate software provider Quarem released tips to help with lease ...
Entrepreneur

Making a Seamless Move to FASB ASC 842 Audits

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 ...