What is IFRS 16 & What Do I Need to Know? IFRS 16 effective date Effective date for companies Fiscal years beginning on or after January 1, 2019 IFRS…
Read More
The Visual Lease blog
What is GASB 87 & What Do I Need to Know? GASB 87 effective date Deadline for companies Fiscal years beginning after June15, 2021 GASB 87 Summary Issued by…
Issued by the Governmental Accounting Standards Board, GASB 96 defines Subscription-Based Information Technology Arrangements (SBITAs) and provides guidance on accounting and financial reporting for government entities. The statement was…
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…
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...
Read More
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...
Read More
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,...
Read More
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...
Read More
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…
