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, ...

In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. As per the Financial Accounting Standards Board updated accounting standards, ASC 842 requires that all leases, ...

With leases now being represented on the balance sheet, these agreements are a priority to the Office of Finance – this critical shift has provided businesses with an opportunity to get a handle on ...

Sustainability reporting and compliance are essential topics for companies around the globe. Previously, they were a nice-to-have, but they are now a must-do for many. Stakeholders and partners, ...

Why did your company implement lease accounting software? My guess is that you did it to meet regulatory requirements. But for digital-first lease accountants, the real value of a lease accounting ...

Tesla, Inc. is scheduled to report its 2024 Q2 earnings on July 23. Its inventory buildup remains a key concern despite Q2's consensus-beating delivery data. Uncertainties around lease accounting ...

So, what is a pre-paid lease? I can tell you that three of my last four personal cars have been bought (leased) this way. Pre-paid leases are sometimes called single-payment leases too, and it is ...