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FASB 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

K&L Gates LLP

Lease Accounting Changes Are Around the Corner: How Will This Affect Borrowers Under Credit Facilities?

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Off-balance sheet operating leases are an important part of many companies’ financing strategies. A key attraction of operating leases is that neither leased assets nor lease payments are recorded on a company’s balance...more

Parker Poe Adams & Bernstein LLP

The New Lease Accounting Standard–What Lawyers Need to Know Now

With calendar year-end Form 10-K filings almost completed, you may have noticed the addition of Accounting Standards Update No. 2016-02 “Leases (Subtopic 842)” to the MD&A subsection addressing new accounting standards. In...more

Dechert LLP

Big Changes in Lease Accounting: FASB Releases Final Standards

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The Financial Accounting Standards Board (the “FASB”) released the long-anticipated final standards, Leases (Topic 842) (the “Final Standards” or “Topic 842”), on February 25, 2016, completing an overhaul of the lease...more

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