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FASB Commercial Leases

Opportune LLP

ASC 842: Implementing The New Lease Accounting Standard

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In 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases. This new lease accounting standard (ASC 842) significantly impacts how private and public businesses across...more

Opportune LLP

Under New Lease Standard: Interpreting ‘Class of Underlying Asset’

Opportune LLP on

The Financial Accounting Standards Board (FASB) has issued several new Accounting Standards Codifications (ASC) and Accounting Standards Updates (ASU) over the past two years. This has resulted in management teams furiously...more

Opportune LLP

FASB Issues Guidance To Ease Lease Accounting Transition

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The Financial Accounting Standards Board (FASB) on July 30 issued an “Accounting Standards Update (ASU) 2018-11, Leases (Topic 842): Targeted Improvements” that aims to reduce costs and ease implementation of the lease...more

Mintz - Real Estate, Construction &...

FASB Lease Accounting Changes

The Financial Accounting Standards Board (FASB) is expected to finalize new lease accounting standards (“Standards”) within the coming months which will have very real consequences for owners and lessees alike. Under current...more

Goulston & Storrs PC

New Lease Accounting Rules Are Final: Retailers and, Ultimately, Landlords Can Expect Changes

Goulston & Storrs PC on

We recently wrote about expected changes to the rules governing the way leases are accounted for on balance sheets and suggested the changes would have major implications for retailer tenants and longer term implications for...more

Goulston & Storrs PC

Change in Lease Accounting Rules to Have Major Impact for Retailers, and Ultimately, Landlords Too

Goulston & Storrs PC on

Rules governing the way leases are accounted for on balance sheet rules are expected to change in the first quarter of 2016 with major implications for retailer tenants and longer term implications for landlords....more

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