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 Read More

The long-awaited new rules for lease accounting approved by the Financial Accounting Standards Board (FASB) go into effect for financial periods starting after Dec. 15, 2018 for public companies, after Dec. 15, 2019 for private companies, and with a modified application for any Read More

The approval of the new lease accounting standard by the Financial Accounting Standards Board (FASB) after many years of anticipating its revision means office equipment companies can now move forward and prepare to adopt it. The new standard will not impact the ability of Read More