FASB and the International Accounting Standards Board (IASB) today unveiled a joint proposal to revamp lease accounting. The proposal would result in a single “right-of-use” approach applied ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

ESG efforts will continue to grow in importance, and we’ll likely see this shape the future of lease accounting, including a ...

A big change in lease accounting due in January of 2019 will affect every public and private company in the U.S., just like the tax revamp and the new rules for recording revenue that took effect ...

Rules governing the way leases are accounted for on balance sheet rules are expected to change in the first quarter of 2016 with major implications for retailer tenants and longer term ...

Accounting rule makers agreed in principle Wednesday to require companies to add to the balance sheet most of the leases they use, a long-awaited move that could swell balance sheets by as much as ...