Accounting for Leases Under the New Standard, Part 1
In Brief The new lease accounting standard, released by FASB in early 2016, represents one of the largest and most impactful reporting changes to accounting principles in decades. The standard itself...
View ArticleAccounting for Leases under the New Standard, Part 2
In contrast to the lessee model, the lessor model under FASB’s new lease accounting standard has three different types of leases: operating, sales-type, and direct financing. These three types are...
View ArticleICYMI | Accounting for Leases Under the New Standard, Part 1
In Brief The new lease accounting standard, released by FASB in early 2016, represents one of the largest and most impactful reporting changes to accounting principles in decades. The standard itself...
View ArticleICYMI | Accounting for Leases Under the New Standard, Part 2
In contrast to the lessee model, the lessor model under FASB’s new lease accounting standard has three different types of leases: operating, sales-type, and direct financing. These three types are...
View ArticleA Discussion of Practical Expedients in ASC Topic 842
The new lease accounting guidance in Accounting Standards Codification (ASC) Topic 842, “Leases,” is currently in effect for public business entities preparing financial statements for annual periods...
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