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 Standards Board delayed the effective date for the leases standard for...
This article explains the interest rate options under ASC 842.
Learn the differences between GASB 51 and GASB 96.
Learn the disclosure requirements for lessees under IFRS 16.
Learn the benefits of starting the adoption process for the new standards early.
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 present most of their operating leases on the balance sheet, which has...