On February 25, 2016, FASB issued its new lease accounting standard update (ASU) No. 2016-02, Leases, which codified ASC Topic 842 (Topic 842). Topic 842 is effective for calendar year-end public ...

ASC 842 effective date. The effective date for adoption of ASC 842 for entities that aren’t public business entities, or weren’t required to adopt or didn’t early adopt, is for annual ...

Here is the correct process to follow when transitioning leases from ASC 840 to ASC 842: Calculate your lease liability, which is the present value of all future lease payments after the initial ...

The easiest to use, most cost-effective, and accurate solution to the FASB ASC 842 Lease Accounting Standard Changes. iLeaseXpress offers an uncomplicated approach to lease accounting for ...

CHARLOTTE, N.C., October 02, 2024--(BUSINESS WIRE)--DebtBook, a leading provider of treasury and accounting software, today announced the launch of its new ASC 842 Lease Management solution ...

DebtBook Launches New ASC 842 Lease Management Solution for Nonprofit, Higher Education, and Healthcare Teams. October 02, 2024 09:01 AM Eastern Daylight Time.