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With the new ASC 842 standard, FASB requires that every lease—except for short-term leases less than 12 months in length—be included on the balance sheet by recognizing a lease liability and a right-of-use (ROU) asset. For an example of how operating lease accounting is performed in accordance with the new standard, check out this article …

What is a capital lease versus an operating lease under ASC 842? Read More »

It involves growing the company from within, using existing resources and capabilities. This can be achieved through developing new products or services, entering new markets or geographic regions, increasing production capacity, and improving operational efficiency. Organic growth in business refers to growing without relying on external https://business-accounting.net/ factors such as mergers, acquisitions, or investments. It …

5 Methods For Driving Organic Growth Read More »