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ASC 842: FASB provides an additional optional transition relief for companies

Tue, May 22, 2018 @ 03:19 AM / by Julio Dalla Costa posted in leasing, FASB, Leasing-Hot-Tips, ASC842, SAPLeaseAdmin

On January 5th, 2018, the Financial Accounting Standards Board (FASB) proposed adding an optional transition method and another practical expedient for lessors to Accounting Standards Codification (ASC) 842, Leases, to reduce the cost and complexity of implementing the new standard.

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FASB Issues New Standard on Financial Reporting of Leases

Mon, Mar 7, 2016 @ 05:36 AM / by Bramasol RevRec Team posted in revenue recognition, leasing, FASB

The Financial Accounting Standards Board (FASB) has issued a new Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions, which affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment.

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