Monthly Archive: February 2016

Feb 26 2016

New Lease Accounting Guidance Issued

The Financial Accounting Standards Board (“FASB”) issued the new lease accounting standard on February 25, 2016. As it pertains to lessees, the new standard requires that the liability for all leases (except narrowly defined short-term leases) must be recognized on the balance sheet of a lessee at the discounted present value of future lease payments …

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Feb 19 2016

FASB expected to finalize lease accounting standards on Thursday, February 25, 2016

According to Bloomberg BNA website, on Thursday February 25, 2016 the FASB plans to release its long-gestating standard on lease accounting. http://www.bna.com/feb-25-lessees-b57982067497/

Feb 13 2016

FASB hoping to issue lease accounting standard by February 29, 2016

The Financial Accounting Standards Board LEASE ACCOUNTING Feb. 9: New U.S. lease accounting rules that will leave deep impacts on many companies’ balance sheets are expected to be issued in the last week of February, sources at the Financial Accounting Standards Board told Bloomberg BNA. FASB hopes to issue the final lease accounting standard after …

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Feb 08 2016

Six Reasons Not to Use Spreadsheets for Lease Management and Accounting

A change in lease accounting has recently been finalized which will affect many business entities throughout the world. The accounting change will make lease management and accounting more complex. The new accounting model will require more sophisticated financial calculations and will mandate more monitoring and tracking of lease details. A recent survey found that more …

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