The Financial Accounting Standards Board (FASB) recently issued an update to ASC 842 that addresses complexities associated with discount rate calculations. In this blog, we share how this update affects private…
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The Visual Lease blog
What is lease capitalization? Lease capitalization is the act of recording Right-of-Use Assets and related lease obligations on a company’s balance sheet, as required for the lease accounting standard ASC…
Alexandra BeteshSVP Corporate Strategy | Visual Lease At Visual Lease, we solve the everyday lease management challenges for organizations around the world. Our commitment to innovating and putting our customers...
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Joe FitzgeraldSVP of Lease Market StrategyVisual Lease On November 10, 2021, The Financial Accounting Standards Board (FASB) decided not to issue a third delay to the ASC 842 effective date for private companies. It was widely agreed that after two prior...
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Does your organization have the proper systems in place to comply with the new lease accounting standards? If not, you’re not alone. Navigating the burden of legacy systems, systems complexity,...
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Table of contents Introduction Lease Accounting FAQs What is lease accounting? What are the new lease accounting standards? ASC 842IFRS 16 GASB 87 Other National Standards Why Use Lease Accounting...
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Under the FASB ASC 842 standard for lease accounting, organizations face significant changes including both new disclosures and specific requirements for how to report those disclosures. For instance, in the…
The upcoming FASB accounting changes are not only a challenge for corporate accounting teams, but also for the commercial real estate group. To get you up to speed, here’s an…
The basics explained on the changes to your balance sheet as a result of ASC 842. The Federal Accounting and Standards Board (FASB) created the new lease accounting standard (ASC...
Read MoreLeasing is perhaps one of the most pervasive forms of financing in the global economy, yet traditional accounting standards remain essentially silent on the off- balance sheet treatment of leasing....
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