Business Wire

Apex Tool Group Successfully Adopts ASC 842 Compliance Following Implementation of Visual Lease Accounting Software

WOODBRIDGE, N.J.--(BUSINESS WIRE)--Visual Lease, the leading provider of lease accounting and management software, today announced that Apex Tool Group, LLC (ATG), successfully implemented Visual ...
The Business Journals

New ASC 842 lease accounting in oil and gas, renewable energy and utilities

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 ...
Compliance Week

White paper: ASC 842 Lease Accounting Standard Handbook

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 ...
The Business Journals

Top 3 tips to implementing the new leasing standard, ASC 842

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In July 2019, the Financial Accounting Standards Board ...
JD Supra

The Impact of the ASC 842 Lease Accounting Standards on a Toll Agreement for Stand-Alone BESS

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 ...
JD Supra

Renewed Interest in Synthetic Leases - A Refresher and Changes Under the New (ASC 842) Lease Accounting Standard

A synthetic lease is a financing technique structured to be an operating lease for the lessee’s financial accounting purposes and a financing for U.S. federal tax purposes. Synthetic leases are most ...
Rochester Institute of Technology

Lease Classification and Accounting

Rochester Institute of Technology adopted the Financial Accounting Standards Board (FASB) new accounting guidance on leases FASB Accounting Standards Codification Section 842 ("ASC 842") on July 1, ...
Supply Chain

How a New Lease-Accounting Standard Will Impact Transportation and Logistics

The Financial Accounting Standards Board’s new lease-accounting standard, ASC 842, went into effect for public transportation and logistics companies last year. FASB recently proposed extending the ...
Forbes

New Lease Accounting Requirements And The Impact On Private Business And Nonprofits

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 ...
Entrepreneur

Making a Seamless Move to FASB ASC 842 Audits

When the calendar flipped from 2021 to 2022, your private company didn’t only enter yet another year. Instead, it entered when the latest Financial Accounting Standards Board (FASB) ASC 842 compliance ...
Compliance Week

ASC 842 Lease Accounting Standard Handbook

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 ...