Feb 23, 2019 | Equipment Leasing
Lease accounting is in the middle of a major transformation. With the start of 2019, public companies must start complying with new rules from the Financial Accounting Standards Board (FASB), which feature several significant changes including (but not limited to):...
Dec 11, 2018 | Equipment Leasing
The Financial Accounting Standards Board (FASB) released a major update (ASC 842) to its leasing accounting standards in 2016, and the new rules are now on the verge of taking effect — in January 2019 for public companies and a year later for private firms. Under the...
Jul 23, 2018 | Equipment Leasing
After 10 years of revision and deliberation, the U.S. Financial Accounting Standards Board (FASB) has issued its new standards for lease accounting. Adoption of these standards will be required for fiscal years beginning Dec. 15, 2018, with private companies adopting...
