The ASC 842 Lease Accounting Guide | LeaseCrunch
What is ASC 842 Summary?
The ASC 842 lease accounting standard for GAAP lease accounting requires all leases longer than 12 months to be recorded as...
Read about ASC 842 & other lease accounting topics.
The ASC 842 lease accounting standard for GAAP lease accounting requires all leases longer than 12 months to be recorded as...
The Financial Accounting Standards Board changed the lease accounting game forever when they declared the ASC 842 new lease accounting standard.
Lease accounting gets increasingly complicated with each new accounting standard introduced by the Governmental Accounting Standards Board, also...
Let’s set something straight before we dive into the ins and outs of effective lease management: Lease management is synonymous with lease...
As a CPA, you know the importance of maintaining independence while working with your clients. At the same time, your clients rely on you for...
IFRS 16 is the most significant change to international lease accounting in the past 30 years, so you’d better buckle in and listen up.
In May 2020, the Governmental Accounting Standards Board postponed the implementation date for the new lease standard, GASB 87 to June 15, 2021. At...
On September 15, 2021, the Financial Accounting Standards Board (FASB) proposed an update to ASC 842 which would allow private companies and...
Navigating leases can be a challenge, especially when it comes to distinguishing between a lessee and a lessor. Any lease requires two key players....
Deathly afraid of lease amortization? Don’t even know where to begin?
The footnote disclosure for the new lease standard enables financial statement users to assess the amount and timing of cash flows arising from...
When changes to accounting standards impact assets and liabilities, we are accustomed to also adjusting equity. However, the new lease accounting...
Asset retirement obligation is a policy that was started by the Financial Accounting Standards Board, or the FASB, in 2001. Also known as SFAS 143,...
While embedded leases are not a new concept in accounting, they are now receiving a lot more attention. In the past, operating leases weren’t...