ASC 842 Related Content

ATG Adopts ASC 842 Compliance with Visual Lease Accounting Software

Apex Tool Group implemented Visual Lease’s software to streamline its ASC 842 lease accounting compliance, simplify the consolidation of its leases and serve as a repository to help with its lease portfolio management. read more

Making Sale-Leasebacks Work Under ASC 842

Sale-leasebacks are common in the industry, but these transactions can cause accounting issues under ASC 842. Shawn Halladay outlines the key issues and accounting requirements surrounding this product as well as strategies to overcome potential obstacles.... read more

LeaseAccelerator Study Explores Lease Accounting Center of Excellence Use

LeaseAccelerator released the results of a research study on the use of lease accounting centers of excellence by public companies that have adopted ASC 842. read more

LeaseAccelerator Publishes Analysis of SEC Comment Letters on ASC 842

LeaseAccelerator released an analysis of SEC Comment Letters related to ASC 842 lease accounting and disclosures. read more

LeaseAccelerator, Clearlink Partner Up on ASC 842, GASB 87 Adoption

Clearlink Partners joined the global alliance program of LeaseAccelerator. Clearlink is an independent professional services firm which provides project-based engagements for ASC 842 and GASB 87 compliance. read more

S&P 500 Firms Carrying $500B+ On-Balance Sheet Lease Liabilities

LeaseAccelerator introduced a new report analyzing the financial reports and disclosures of S&P 500 companies that have adopted the new lease accounting standards. read more

Crunching the Numbers: 2019 — A Year of Expected Changes for the Leasing Industry

2019 will see many changes to the leasing marketplace, including the initial implementation of the new lease accounting standards as established by ASC 842 and IFRS 16. This article will examine some observations found in the industry as lessees wrestle with implementing these new standards and explore how lease structures may evolve again. ... 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

Is the Service Contract the new Operating Lease?

With ASC 842 requiring all leases to be placed on balance sheet, will more lessees seek to structure equipment financing arrangements as service contracts, and is that really possible?... read more

How Will Leasing Structures Change as a Result of ASC 842?

With ASC 842 requiring all leases to be placed on balance sheet, will lease structures change to minimize the effect of the balance sheet capitalization?... read more

SEC Disclosures Stress Balance Sheet Impact of Lease Accounting Standards

In a LeaseAccelerator study, 76% of companies reported that there will be a material impact resulting from the transfer of most right-of-use assets and liabilities on to corporate balance sheets. read more

Preparing for ASC 842: How to Help Lessee Customers

Thanks to ASC 842, lessees will soon enter a new world of recording and accounting for operating leases. Bill Bosco discusses several ways that lessors can help their lessee customers meet these extensive compliance requirements.... read more

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