Forbes

New Lease Accounting Requirements And The Impact On Private Business And Nonprofits

Lease accounting is becoming more complex and detailed for private companies and not-for-profit entities. Business valuations may also be impacted by the new standard. Effective in fiscal years ...
The Wall Street Journal

Are Private Companies Ready for Lease Accounting?

With just months to go before many private organizations are required to bring leases on to their balance sheets, 27.7% of more than 1,100 private company executives say they feel prepared to ...
The Business Journals

New ASC 842 lease accounting in oil and gas, renewable energy and utilities

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 ...
Forbes

Lease Accounting Success: Five Questions To Assess Your Current Process

Last year, the Financial Accounting Standards Board (FASB) provided private companies with an extra year to adopt lease accounting standard ASC 842. When this was announced, 63.8% of surveyed private ...
Accounting Today

Lease accountants get new designation

The demand for lease accountants has increased with the adoption of new lease accounting standards, ASC 842 and IFRS 16, while the talent pool of accountants has decreased. The CGLA program is an ...
Accounting Today

LeaseCrunch debuts lease accounting audit software

LeaseCrunch has debuted a new solution for lease accounting auditing, designed to reduce the time and expense spent delivering this service. Processing Content LeaseCrunch Verify allows firms to add ...
Business Wire

FinQuery Unveils Automated Catch-Up Lease Actions for Streamlined Accounting

ATLANTA--(BUSINESS WIRE)--In an innovative step forward for lease accounting, FinQuery, formerly LeaseQuery, announces the launch of its first-to-market automated catch-up functionality, ...
Retail Focus

How Retail Brands Can Prepare for Lease Reporting

Retail businesses can carry significant lease exposure across stores, warehouses, offices, concessions, vehicles, and ...
Rochester Institute of Technology

Lease Classification and Accounting

Rochester Institute of Technology adopted the Financial Accounting Standards Board (FASB) new accounting guidance on leases FASB Accounting Standards Codification Section 842 ("ASC 842") on July 1, ...
The Business Journals

3 unexpected benefits from the new lease accounting standards

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The clock is always ticking when it comes to meeting ...
JournalofAccountancy

Lease accounting: Private companies on the clock after delay

In early 2020, the COVID-19 pandemic added another element of business disruption for organizations to manage while the effective dates to comply for FASB’s new lease accounting standards were quickly ...
Seeking Alpha

Tesla Q2 Preview: Lease Accounting In Focus

I last wrote on Tesla, Inc. (TSLA) with a HOLD thesis more than a month ago (on June 12, 2024, to be exact). That article, entitled "Tesla: Inventory Does Not Lie", cautioned investors about the ...