One silver lining of COVID-19 appeared when private companies received a short reprieve from the new lease accounting standards courtesy of FASB ASC 842 — “reprieve” being the operative word ...

ASC Topic 842 is a relatively simple standard that can mean profound changes for organizations with leases. This report examines what makes this standard challenging and describes new ways for CPAs ..

Under the new ASC 842 standards, companies must report ... “This will place a significant accounting burden on operations that use leases,” says Fallon Savage, senior vice president ...

842, Leases requires companies to make significant changes in the way they report operating leases. One of the initial challenges for organizations may simply be finding all of the many leases and ...

CHARLOTTE, N.C., October 02, 2024--(BUSINESS WIRE)--DebtBook, a leading provider of treasury and accounting software, today announced the launch of its new ASC 842 Lease Management solution ...

Lease accounting has undergone significant changes with the introduction of FASB Accounting Standards Update (ASU) Topic 842, ...

Today, Visual Lease combines lease administration and lease accounting with consultative insights and technical expertise _ bringing depth of functionality and simplicity together in one intuitive ...

We've all heard the claims by now: Artificial intelligence is going to completely revolutionize the accounting profession ... When we finally solve the old drudgery, what will emerge as the new ...

The US accounting standard-setter agreed to provide private companies and nonprofits with targeted relief from complex ...

With a lease buyout loan, you can own the car and finance the purchase price. If your car is worth more than the payoff amount, it can be a good idea to buy it instead of starting a new lease.