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Understanding ASC 842 & How to Handle Future Lease Obligations

Construction Business Owner

Understanding ASC 842 & How to Handle Future Lease Obligations ccapoccia Tue, 02/28/2023 - 08:52 With the start of 2023, the long-awaited new lease accounting standard implementation date has arrived for private companies. All private companies with annual reporting periods beginning after Dec.

Leases 194
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What to Consider When Leasing Heavy Equipment

Construction Business Owner

What to Consider When Leasing Heavy Equipment. The best way to move forward is to take time examining your financial options—it will benefit your bank account in the short and long term. The best way to move forward is to take time examining your financial options—it will benefit your bank account in the short and long term.

Leases 314
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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

The Impact of ASC 842 – The New Lease Standard Is Here. It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). All my leases are related party.”.

Leases 177
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More Time Given for Lease Accounting Changes

Construction Equipment

Certain private companies, nonprofits, and tax-exempt organizations that lease equipment have been given an important advantage in implementing new accounting rules—more time. The Financial Accounting Standards Board (FASB) recently announced that the effective date of the new lease accounting…

Leases 62
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New accounting standards affect leased vehicles

Contractor Magazine

Both the International Accounting Standards Board (IASB) and the Financial Standards Accounting Board (FASB) have recently issued new accounting standards related to lease assets.

Leases 40
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Entering Retail Space as a Non-Retailer

Wolgast Corporation

Even though they weren’t retailers, they were seeking out the lower cost leases of retail shops due to downsizing/converting to online sales of brick-and-mortar. With their building and business savvy they can help lower leasing costs and, in turn, operating costs.

Retail 127
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Lease-accounting legislation could hurt construction industry

BD+C

Regulatory bodies have proposed changes in how leased equipment is treated on a corporate balance sheet. Regulations Codes and Standards'

Leases 45