Tag: lease standards

Learning From Companies That Implemented ASC 842

The ASC 842 is a new standard that is impacting both lessees and lessors and creating a significant compliance challenge for both public and private companies. The implementation deadline for...

How to Prepare for The New Lease Standard

In Mid-July, FASB members unanimously voted to extend the effective date for lease accounting for private companies, nonprofits, and small companies. This extended deadline applies to the adoption of ASC...

New Lease Standards: IFRS vs U.S. GAAP

New lease standards bring some clarity for financial statement users. However, they also present some challenges between IFRS and U.S. GAAP. It’s important to understand the key differences and how...