To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Accounting for leases requires lessees to record on their ...

Members of the Financial Accounting Standards Board voted 6 to 1 at a meeting in March to create a new, optional transition method for lessees under the ASC 842 lease accounting standards. The new ...

As firms continue to operationalize ASC 842, many of the most challenging issues are no longer about basic implementation, but about the “fine print” decisions that drive ongoing compliance and audit ...

The Financial Accounting Standards Board’s (FASB) recent lease accounting standards (ASC 842) are impacting toll agreements for stand-alone battery energy storage systems (BESS). These standards ...

FASB Accounting Standards Codification (ASC) Topic 842, Leases, issued in February 2016, marked a significant overhaul in the financial reporting of long-term leases. Its adoption created many ...

One silver lining of COVID-19 appeared when private companies received a short reprieve from the new lease accounting standards courtesy of FASB ASC 842 — “reprieve” being the operative word here.

Over the last two years, organizations have been scrambling to comply with the Financial Accounting Standards Board’s (FASB) new lease accounting standard ASC 842. Public companies needed to meet the ...

A joint effort by the Financial Accounting Standards Board (“FASB”) and the International Financial Reporting Standards Foundation (“IFRS”) will fundamentally reset the accounting treatment of leases ...

MILWAUKEE, July 10, 2025 (GLOBE NEWSWIRE) -- Crunchafi, a leading provider of cloud-based SaaS products built for accounting and financial professionals will present in two key accounting conferences ...