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 ...

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 ...

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 ...

Even though your deadline for complying may have moved out, it is time to start getting your organization ready to meet the new ASC 842 Compliance standard for private organizations. Your leasing ...

Businesses today are operating in an unprecedented time of change, forcing organizations to drive results while also navigating an increasingly complex marketplace. One such important change is with ...

Nearly 400 S&P 500 companies have transitioned to the new lease accounting standard within the first six months of the initial effective date for public companies, and together the companies reported ...

WOODBRIDGE, N.J.--(BUSINESS WIRE)--Visual Lease, the #1 lease optimization software provider, today introduced ASC 842 Proven Path, a full end-to-end lease accounting solution for private companies ...

Sustainability reporting and compliance are essential topics for companies around the globe. Previously, they were a nice-to-have, but they are now a must-do for many. Stakeholders and partners, ...

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 US GAAP lease accounting standard, ASC 842, requires that all leases, both operating and finance, are moved on-balance sheet unless the lease term is less than 12 months. The on-balance sheet ...