Almost overnight, lease accounting has morphed into one of the profession's biggest headaches, as more than 300 companies have had to restate their financials, citing, among other issues, corrections ...

In July, the Financial Accounting Standards Board announced that its agenda now includes a major project on lease accounting. As justification, the board cited encouragement from its own advisory ...

Last year, the Financial Accounting Standards Board (FASB) announced new lease accounting rules that require all leases to be on corporate balance sheets. To date, the FASB has yet to circulate the ...

Rochester Institute of Technology adopted the Financial Accounting Standards Board (FASB) new accounting guidance on leases FASB Accounting Standards Codification Section 842 ("ASC 842") on July 1, ...

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Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Thomas J Catalano is a CFP and Registered Investment ...

Accounting rules break leases into two classes. When you lease equipment or a building for a relatively short term, you have an operating lease, AccountingTools explains. If you lease long-term or in ...