To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The Financial Accounting Standards Board’s (FASB’s) new ...

As we enter the final months of 2022, accounting departments should feel like they are crossing a new finish line. This year, many private companies had to adopt ASC 842, an accounting standard ...

With leases now being represented on the balance sheet, these agreements are a priority to the Office of Finance – this critical shift has provided businesses with an opportunity to get a handle on ...

The Federal Accounting Standards Advisory Board (FASAB) issued an amendment aimed at assisting entities with the transition to new reporting requirements related to leases. “These transitional ...

I last wrote on Tesla, Inc. (TSLA) with a HOLD thesis more than a month ago (on June 12, 2024, to be exact). That article, entitled "Tesla: Inventory Does Not Lie", cautioned investors about the ...

FASB Accounting Standards Codification (ASC) Topic 842, Leases, issued in February 2016, marked a significant overhaul in the financial reporting of long-term leases. Its adoption created many ...

Why did your company implement lease accounting software? My guess is that you did it to meet regulatory requirements. But for digital-first lease accountants, the real value of a lease accounting ...

This report is one of a series on the adjustments we make to convert GAAP data to economic earnings. Reported earnings don’t tell the whole story of a company’s profits. They are based on ...