Businesses are changing how and when they sign new leases as workplaces grow smaller, more employees work remotely and new lease accounting standards come into play. A survey released Wednesday by ...
The new standard requiring all leases longer than 12 months to be recorded on balance sheets is now in effect for nonpublic companies with a fiscal year beginning after Dec. 15, 2021. To implement the ...
It's going to take a great deal of time and resources to dig into the underlying contracts to discern how to properly follow the new rules and determine the impact on your financial statements. It's ...
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Nearly 10 years after issuing its lease accounting standards, the ...
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FASB says costs of leases standard were higher than anticipated
"FASB says costs of leases standard were higher than anticipated " was originally created and published by The Accountant, a ...
In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. As per the Financial Accounting Standards Board updated accounting standards, ASC 842 requires that all leases, ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The Financial Accounting Standards Board’s (FASB’s) new ...
With leases now being represented on the balance sheet, these agreements are a priority to the Office of Finance – this critical shift has provided businesses with an opportunity to get a handle on ...
The Federal Accounting Standards Advisory Board (FASAB) issued an amendment aimed at assisting entities with the transition to new reporting requirements related to leases. “These transitional ...
The March 6 installment of the AICPA’s monthly A&A Focus Series webcast updated members on critical accounting, auditing, and assurance issues. Hosted by Carl Mayes, CPA, vice president–Audit and ...
LONDON (Reuters) - Companies from airlines to retailers in more than 100 countries will have to swell their balance sheets with trillions of dollars under a new accounting rule for leases that should ...
LeaseQuery, a leading provider of purpose-built lease accounting software, today announced its program sessions for the 2021 GASB Innovation Summit (#GASBInnovationSummit). This free event takes place ...
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