A joint effort by the Financial Accounting Standards Board (“FASB”) and the International Financial Reporting Standards Foundation (“IFRS”) will fundamentally reset the accounting treatment of leases ...

The following column is written by Andrew D. Galbraith, CFA, MBA, director with HealthCare Appraisers. With the increase in acquisition activity in the healthcare industry, buyers need to be aware of ...

It won’t make a sound. No tremor will be felt. But by the end of this year, as much as $3 trillion in lease liabilities will have landed on the balance sheets of our nation’s public companies. The ...

In 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases. This new lease accounting standard (ASC 842) significantly impacts how private and ...

After going into effect for public companies this fiscal year, Accounting Standards Codification 606 will apply to private companies come January. The Financial Accounting Standards Board amendment, ...

You can look at ASC 606 in one of two ways — as a compliance burden, or as an opportunity for finance leaders to emerge and change the game. A survey by Big Four firm EY found that 94 percent of CFOs ...

iLeaseXpress: An easy-to-use, affordable ASC 842 cloud solution for companies managing 15 leases or fewer, starting at just $99/month. Free for under 5 leases. Many companies use spreadsheets, which ...

consider how ASC 740 compliance may affect accounting for income taxes as a result of an acquisition and the impact on financial statements. LONG BEACH, CA, UNITED ...

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 Financial Accounting Standards Board has given U.S. private companies and nonprofits another year to start treating their operating leases as liabilities on their balance sheets. Now they have to ...

It is the almost the end of the year—the time by which privately held franchisors must have responded to the impact of a new accounting rule (ASC 606) governing when initial franchise fees may be ...