What Qualifies as a Lease under the New Lease Standard?
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,...
Posts about IFRS
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.
Update: On April 8, 2020, FASB proposed to delay implementing the new lease standard for non-public organizations, making their new effective date...
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...