TRENDING ARTICLES
FASB Proposes Changes to Topic 842 Risk-Free Discount Rate Practical Expedient
Summary provided by MaterialAccounting.com: This article explains FASB's new proposed changes to...
Lease Accounting Implementation Trends in 2021
Summary provided by MaterialAccounting.com: The article below explains four major lease accounting...
New Rules for Lease Accounting
Summary provided by MaterialAccounting.com: The new rules for lease accounting will impact your...
Recent articles
Private companies continue to delay lease accounting implementation
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...
Interest Rates under ASC 842 Explained: Implicit, Incremental Borrowing, Risk-Free
This article explains the interest rate options under ASC 842.
GASB 51 vs. GASB 96: Similarities and Differences in Accounting Treatment
Learn the differences between GASB 51 and GASB 96.
IFRS 16 Disclosure Requirements for Lessees with Examples
Learn the disclosure requirements for lessees under IFRS 16.
The Benefits of Early Adoption of ASC 842 and GASB 87
Learn the benefits of starting the adoption process for the new standards early.
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 present most of their operating leases on the balance sheet, which has...