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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Are you beginning to plan for your transition to ASC 842? Learn about the biggest ASC 842 balance sheet changes, the important implications of the changes, and get access…
What is Capital Lease Accounting? A capital lease is a contract allowing a renter to use an asset temporarily. This lease shares the same economic characteristics of asset ownership in…
ASC 842 effective date Effective date for public companies Fiscal years beginning after December 15, 2018 Effective date for private companies Fiscal years beginning after December 15, 2021 ASC 842...
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This summer, Visual Lease was named High Performer and Momentum Leader by G2, a business software and services review website. The High Performer award was based on Visual Lease’s high...
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