Under the new ASC 842 standards, companies must report ... “This will place a significant accounting burden on operations that use leases,” says Fallon Savage, senior vice president ...

842, Leases requires companies to make significant changes in the way they report operating leases. One of the initial challenges for organizations may simply be finding all of the many leases and ...

There are two lease accounting standards that typically apply to deferred rent situations, known as ASC 840 and ASC 842. Under both ASC 840 and ASC 842, total rent expense is recognized on a ...