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In February of 2016, the Financial Accounting Standards Board proposed a new lease accounting standard known as ASC 842. After delays for non-public...

What is Considered a Lease Under ASC 842?

Not all arrangements qualify as a lease under the new standard’s definition of a lease. Of course,...

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. 

Important note: This is a judgment-based standard, which means there are few hard-and-fast rules and the treatment of your leases will depend on your...

Not all costs related to a lease are included in the leased asset and liability. For example, a contract may include both a truck and operation of...

The new lease standard is coming and preparation is critical for a smooth implementation. This is easier said than done and the experts agree: this...

The new U.S. lease standard, ASC 842, is required for public companies starting their fiscal year after Dec. 15, 2018, for public non-profits...