The Financial Accounting Standards Board is considering a change in its leases standard to address leases that are under the common control of related-party businesses as FASB's parent prepares to ...

Lessees will be required to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months under a new financial reporting ...

New requirements that will bring lease assets and liabilities onto company balance sheets are expected to be issued in early 2016 after FASB voted 6–1 Wednesday to send its leases standard for final ...

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 ...

Leslie Seidman, Chairman of the FASB commented, “The FASB and the IASB have worked together to develop a revised, converged proposal to address the inadequacies of current lease accounting and ...

The Financial Accounting Standards Board issued a post-implementation review Thursday of its 2016 standard on leases and found it generally met its objective of providing investors with more ...

ATLANTA, July 26, 2018 (GLOBE NEWSWIRE) -- With less than 6 months to implement the FASB and IASB lease accounting standards, organizations are racing time to comply by January 1, 2019. The new ...

Find out what private companies can do now to prepare for the new leases standard (ASC 842) slated to go into effect next year. In November 2019, the Financial Accounting Standards Board (FASB) ...

Commercial real estate leasing, including the leasing of office space, accounts for more than $2 trillion every year. The Financial Accounting Standards Board, or FASB, has proposed several changes to ...

For capital leases, a lessee recognizes lease assets and liabilities on the balance sheet. For operating leases, a lessee does not recognize lease assets or liabilities on the balance sheet. The ...