In December, new accounting standards for reporting leases are scheduled to go into effect. The intention: To more accurately portray leases’ implications for a company’s financial health.

Locating and reporting on lease arrangements hidden in contracts that are not labeled as leases can be a challenge under FASB’s new rules. FASB makes a second effort to improve balance sheet debt ...

One of the initial challenges for organizations may simply be finding all of the many leases and contracts subject to the new standard. CPAs are well positioned to provide the information and ...

corporations and non-profit/government entities to manage their leases and ensure compliance with accounting standards such as ASC 842, IFRS 16 and GASB 87. Specifically, it supports lease ...