The FASB Formally Extends the Deadline for Implementation of the New Lease Standard ASC 842
The Financial Accounting Standards Board (FASB) officially voted to approve delaying the effective date of the new lease accounting standard for private companies and nonprofit organizations by issuing Accounting Standards Update (ASU) No.2016-02 (2021 calendar year). This action formalizes the... - October 24, 2019
The iLease Management and Brightleaf Solutions Alliance Will Offer an Enhanced, Cost-Effective Lease Abstraction Process
Through this alliance, iLease Management’s iLeasePro system delivers a comprehensive lease life cycle technology solution, which starts with initial Lease Analysis and incorporates Lease Management and Lease Accounting. Brightleaf, with its automated abstraction technology, can quickly and accurately mine thousands of a company’s leases to extract the key financial and operating data needed to populate iLeasePro. A combined cost-effective solution to the FASB and IASB Lease Accounting changes. - August 04, 2016