One silver lining of COVID-19 appeared when private companies received a short reprieve from the new lease accounting standards courtesy of FASB ASC 842 — “reprieve” being the operative word ...

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 with leases. This report examines what makes this standard challenging and describes new ways for CPAs to ...

FASB's Codification (ASC) 842, Leases requires companies to make significant changes in the way they report operating leases. One of the initial challenges for organizations may simply be finding all ...

user-friendly tool that ensures full compliance with the ASC 842 lease accounting standard. iLeaseXpress is Free for companies with up to 5 leases, just $99 per month for up to 10 leases ...