Category: Lease Accounting
Avoid These Common Lease Accounting Errors
Some companies received a major gift wrapped up in uncertainty when the Financial Accounting Standards Board delayed the effective date for the lease accounting standard last year. Now, private companies that have not yet …
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Implementing ASC 842 Lease Accounting
Photo by Alice Pasqual on Unsplash Companies have had over five years to process the new lease accounting standard, ASC 842, since the Financial Accounting Standards Board issued it in 2016. Public companies have implement…
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How to Deal with the New Revenue Recognition and Lease Accounting Standards? Help for Private Companies
What’s the biggest takeaway from the experiences of public companies that have adopted the new revenue recognition and lease accounting standards? For both accounting rules, the process has been more time-consuming and c…
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