The new lease accounting standard caused lease liabilities for the average company to increase 1,475 percent, skyrocketing from $4.4 million before the transition to $68.9 million post transition, as ...

As new leases are signed, business leaders should consider the effect on future financial reporting. Also, it’s important to determine how balance sheet changes will affect bank covenants as ...

Beginning next year, all private companies will have to include each of their leases – from company cars to office space to equipment – on their balance sheets. The new accounting standard is ...

ATLANTA--(BUSINESS WIRE)--Implementation of the new lease accounting standard has led to average balance sheet lease liability increases of 1,475%, according to new research from lease accounting ...

In February 2016, the Financial Accounting Standards Board issued an update known as ASC 842 that, among other changes, brings most leases onto the balance sheet. Now, all of a company’s ...

Changes to the financial reporting of leases by the Financial Accounting Standards Board (FASB) is a decision that is more than 10 years in the making. The new standards require businesses to record ...

THE EARLY MESSAGES from responses to the IASB and FASB’s joint lease accounting proposals are clear. For preparers, bringing lease assets and liabilities onto their balance sheets is do-able, while ...

Balance Sheet Liabilities Continue to Climb for Private Companies Amid Lease Accounting Transition – New LeaseQuery Report Lease liabilities rose 419% on average, with 10 industries seeing ...

If your company leases real estate or equipment, proposed changes in lease accounting standards could add significant debt to your balance sheet, change the way your business is perceived by ...

In LeaseQuery's first benchmarking analysis of lease liabilities, it found balance sheet liabilities increased nearly 16 times as operating leases came onto the balance sheet for the first time upon ...

ATLANTA– (BUSINESS WIRE)–May 18, 2021–Companies are continuing to feel the brunt of the new lease accounting standards this year, with the average company seeing lease liability increases of ...