When the New Lease Standard Goes Into Effect and Other Key Dates
In February of 2016, the Financial Accounting Standards Board proposed a new lease accounting standard known as ASC 842. After delays for non-public...
Posts about Lease Payments
In February of 2016, the Financial Accounting Standards Board proposed a new lease accounting standard known as ASC 842. After delays for non-public...
Not all arrangements qualify as a lease under the new standard’s definition of a lease. Of course,...
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 U.S. lease standard, ASC 842, is required for public companies starting their fiscal year after Dec. 15, 2018, for public non-profits...