Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Moving the measurements of operating leases from the footnotes of GAAP financial statements under FASB ASC Topic 840, Leases, to the balance sheet as assets and liabilities under Topic 842, Leases, ...

In 2016, the Financial Accounting Standards Board and International Accounting Standards Board issued new accounting standards, ASC 842 and IFRS 16, which change how organizations are required to ...

Accounting rules break leases into two classes. When you lease equipment or a building for a relatively short term, you have an operating lease, AccountingTools explains. If you lease long-term or in ...

Signing a lease for an office copier commits your business to making regular monthly payments for the term of the lease. These payments are a liability on your account because they are an expense that ...

Lease accounting is becoming more complex and detailed for private companies and not-for-profit entities. Business valuations may also be impacted by the new standard. Effective in fiscal years ...

Are we overstating the work involved to implement the new lease accounting standard? The answer to that is yes for most organizations. Experts tend to make generalizations across an entire population, ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Accounting for leases requires lessees to record on their ...

As we enter the final months of 2022, accounting departments should feel like they are crossing a new finish line. This year, many private companies had to adopt ASC 842, an accounting standard ...

Tesla, Inc. is scheduled to report its 2024 Q2 earnings on July 23. Its inventory buildup remains a key concern despite Q2's consensus-beating delivery data. Uncertainties around lease accounting ...