117 Views · 2 months ago
When FASB and IASB first announced the lease accounting standards ASC 842 and IFRS 16, respectively, companies scrambled to pull together their lease data and implement procedures and tools to generate the required disclosures.
But as leases changed, many companies struggled to maintain compliance as they didn’t realize the complexity of managing leases, accounting for changes… View More
130 Views · 2 months ago
Leases are dynamic, evolving documents. Lease changes – and remeasurements – are common, but how to handle them under ASC 842 is not always straightforward. As unexpected circumstances like COVID-19 interrupt business plans, payments or obligations may have changed in unpredictable ways.
Because lease changes are common, FASB devoted much of ASC 842 to lease remeasurements.
… View More
135 Views · 2 months ago
Government entities and public sector organizations often struggle to comprehend the complex requirements of GASB 87.
Let us break it down for you – and help you be better prepared.
In this webinar, you will learn:
Overview of the adoption considerations for GASB 87
How to perform lessee and lessor accounting calculations
Live preview of GASB 87 lease accounting… View More
119 Views · 2 months ago
Preparing for ASC 842 compliance is incredibly demanding. One of the most difficult parts is knowing what needs to be done – and when.
Don’t fall behind on the important milestones you need to meet this year to comply with the private company deadline.
In this webinar, we will guide you through each step of preparation and share an associated timeline to set up your company for a… View More
719 Views · 11 months ago
Ensure GASB 87 Compliance with Visual Lease's Lease Accounting Software View More