FASB's Codification (ASC) 842, Leases requires ... in the way they report operating leases. One of the initial challenges for organizations may simply be finding all of the many leases and contracts ...

Under the new ASC 842 standards, companies must report ... “This will place a significant accounting burden on operations that use leases,” says Fallon Savage, senior vice president ...

ASC Topic 842 is a relatively simple standard that can mean profound changes for organizations ... the standard’s effective date and references a FASB staff Q&A on accounting for lease concessions.

There are two lease accounting standards that typically apply to deferred rent situations, known as ASC 840 and ASC 842. Under both ASC 840 and ASC 842, total rent expense is recognized on a ...

Finquery empowers organizations to navigate ASC 842, IFRS 16, and other standards with ease. The platform’s 14 consecutive No. 1 rankings on G2’s lease accounting category reflect a commitment ...

MILWAUKEE, Feb. 11, 2025 (GLOBE NEWSWIRE) -- LeaseCrunch LLC, a leading lease accounting software company, today announces its upcoming webinar “Demystifying Discount Rates in Lease Accounting” ...

Why asset management software for leased equipment in concrete and construction is important and how it can help contractors.