Archive: asc 842

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Lease Accounting eBook

Set to take effect at the end of 2020, the new lease accounting standard impacts organizations across all industries that enter lease agreements and sign contracts containing leases to support business operations. ASC 842 contains a number of complexities and major changes that affect your business—and you need to start planning now to ensure proper […]
November 25, 2019

Lease Accounting in 70 Seconds

The new lease accounting standard, ASC 842, is one of the most significant accounting overhauls in recent history, impacting organizations across all industries. It may come as a surprise, but any contract has the potential to be or contain a lease under the new guidance, including real estate, shipping, or cloud computing contracts. We’re here […]
November 13, 2019

FASB Votes to Delay New Lease Standard Effective Date

On July 17, 2019 the Financial Accounting Standards Board (FASB) voted unanimously to draft an Accounting Standards Update (ASU) to defer the effective date of the new Accounting Standards Codification 842, Leases. Once finalized, the delay provides privately-held companies with an extra year to adopt the new lease standard. Previously, the standard was scheduled to […]
August 21, 2019

What Does ASC 842 Mean for Your Nonprofit?

One of the most significant accounting overhauls to impact nonprofits is here. Are you ready for ASC 842? Download our “Leases Under ASC 842” information sheet to find out what the new lease accounting standard means for you and your nonprofit. For more information on Aronson’s Financial Advisory services surrounding leases for nonprofits, contact Rob […]
June 27, 2019