The Financial Accounting Standards Board issued an Accounting Standards Update that amends the transition requirements and scope of the credit losses standard issued in 2016. read more

NOV 19, 2018 - 6:40 am

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

OCT 19, 2018 - 7:00 am

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

OCT 9, 2018 - 7:05 am

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

SEP 21, 2018 - 7:05 am

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

SEP 17, 2018 - 7:10 am

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

AUG 21, 2018 - 6:12 am

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

AUG 15, 2018 - 7:17 am

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

AUG 10, 2018 - 6:35 am

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

AUG 7, 2018 - 6:35 am

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

AUG 6, 2018 - 6:45 am

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

AUG 2, 2018 - 6:35 am

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

JUL 31, 2018 - 6:40 am

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

JUL 27, 2018 - 7:12 am

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

JUL 25, 2018 - 7:08 am

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

JUL 13, 2018 - 6:11 am