Lease Accounting

JetBlue Selects Accruent Software to Manage Lease Processes

JetBlue Airways has selected Accruent’s lease administration and accounting software to manage its lease processes and ensure FASB/IASB compliance. read more

Innovation Finance Selects Odessa for Lease Accounting Solutions

Innovation Finance selected Odessa to provide the company with an agile, customizable lease accounting solution. read more

Bloomberg Tax Releases New Solution for FASB ASC 842 Standards

Bloomberg Tax released a new lease assets solution designed to help organizations address and comply with the new FASB ASC 842 standards. read more

Ivory Consulting Releases SuperTRUMP 12

Financial analysis software provider Ivory Consulting released SuperTRUMP 12, which incorporates the new US GAAP ASC 842, Leases and many other enhancements. read more

FASB Proposal Addresses Sales Tax, Variable Payments and Lessor Costs

On February 25, 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-02, Leases (Topic 842), to increase transparency and comparability while inviting comments due September 12, 2018. read more

FASB Proposes Narrow-Scope Improvements to Accounting for Lessors

The FASB issued a proposal that would reduce costs and ease implementation of the leases standard for financial statement preparers. The proposal would also clarify a specific requirement in the standard related to lessor accounting. read more

LeaseAccelerator Ranks U.S. Companies with Highest Operating Lease Obligations

LeaseAccelerator released its Who is Most Impacted by the New Lease Accounting Standards report, a ranking of the U.S. public companies with the largest leasing obligations. read more

Empowered with Tech Knowhow, Accountants Lead Way on Lease Accounting

To benefit from embracing technology as part of the implementation process, accountants will be empowered by the centralized data from new lease accounting software, according to a report from Accounting Today. read more

EY FASB Update: Additional Transition Option Added

According to EY Accounting Link, the FASB amended the new standard to provide another option for transition and oil and gas entities must be cautious when applying the definition of a lease. read more

Deloitte: Lease Accounting Preparedness Keeps Executives Awake at Night

Deloitte’s latest poll revealed having the right IT systems in place remains a key challenge for public companies as the effective January 1, 2019 lease accounting standards implementation date approaches quickly. read more

FASB Issues Targeted Improvements to Leases Standard

FASB issued an Accounting Standards Update that reduces costs and eases implementation of the leases standard for financial statement preparers. read more

LeaseAccelerator Reveals U.S. Companies with Highest Operating Lease Obligations

LeaseAccelerator released a report ranking the U.S. public companies with the largest leasing obligations. Collectively, the top 1,000 public companies in the U.S. add up to $983 billion in operating lease liabilities. read more

New Lease Accounting Rules May Unlock Certain Operational Benefits

According to a CFO report, it is entirely possible that there are certain “operational benefits” that companies can realize from adopting the new lease accounting standards that can ultimately result in cost reduction and an improvement of the bottom line. read more

LeaseQuery Adds Larkin as Technical Lease Accounting Manager

LeaseQuery, a provider of comprehensive lease accounting software, hired Griffin Larkin as a technical lease accounting manager. read more

LeaseAccelerator Launches New Experiential Learning Platform

LeaseAccelerator launched a new online training curriculum that will accelerate adoption of and compliance with the new ASC 842 and IFRS 16 standards. read more

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