Accounting Today

Optimizing 'day two' lease accounting for effective financial reporting

With the first year of the new lease accounting standards implementation complete, organizations find themselves at a critical juncture — the commencement of "day two" accounting. While the initial ...
Accounting TodayOpinion

Why lease accounting is about to test your accounting workflow

For many firms managing leases in the U.K. and Ireland, FRS 102 has long been a stable part of the reporting landscape, but ...
The Wall Street Journal

Federal Technically Speaking: Balance Sheet Impacts of Proposed FASAB Lease Accounting Updates

The proposed updates to the Federal Accounting Standards Advisory Board’s (FASAB) project to modify current lease accounting standards for federal entities are likely to significantly impact all ...
Forbes

Sustainability Compliance: What Does It Mean For Lease Accounting?

Sustainability reporting and compliance are essential topics for companies around the globe. Previously, they were a nice-to-have, but they are now a must-do for many. Stakeholders and partners, ...
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 ...
Business Wire

FinQuery Unveils Automated Catch-Up Lease Actions for Streamlined Accounting

ATLANTA--(BUSINESS WIRE)--In an innovative step forward for lease accounting, FinQuery, formerly LeaseQuery, announces the launch of its first-to-market automated catch-up functionality, ...
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 ...
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 ...
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, ...
JD Supra

Are Your Financial Covenants Ready for the New Lease Accounting Standard?

Commercial loan documents may be impacted by new treatment of leases under ASC 842 Lenders and non-public companies should be aware of the impact of Financial Accounting Standards Board (FASB) ASC 842 ...
JournalofAccountancy

Lease accounting urgency ramps up for not-for-profits

Joe Purvis, CPA, has taken a different tone with his not-for-profit clients this year with respect to lease accounting. For the past several years, each time Purvis’s not-for-profit clients have asked ...