ACCOUNTING, AUDITING & ATTEST SERVICES
Posted: December 10, 2018
The Financial Accounting Standards Board has issued an Accounting Standards Update expected to reduce lessor’s implementation and ongoing costs associated with applying the new leases standard. The ASU also clarifies a specific lessor accounting requirement.
Posted: August 30, 2018
PwC offers a primer for the many companies that aren't yet far along in their implementation process for the new lease accounting standard.
Posted: August 28, 2018
Financial-statement preparers are finding their systems for tracking leases are not sufficient for handling lease accounting under the new Financial Accounting Standards Board rule. Preparers might want to consider technological tools that help with accounting and administration of leases.
Posted: July 31, 2018
The targeted improvements are designed to reduce costs and ease implementation of the leases standard for financial statement preparers.
Posted: July 25, 2018
As companies implement the lease accounting standard, it is possible for them to achieve certain operational benefits, including improved decision-making and cost management.
Posted: June 12, 2018
Those who didn’t start this time-consuming, arduous process at least a year ago are behind – way behind. But there’s still time to get it done, and regardless of where a company is with its implementation, there are important practices they can use now to efficiently reach the finish line.
Posted: May 30, 2018
Shifting application from an individual lease to a portfolio level offers practicality and cost minimization for companies adopting FASB’s new lease accounting standard. Here are tips for applying a portfolio approach.
Posted: April 6, 2018
Many companies are finding themselves challenged by implementation of the FABS's new lease accounting standard. A Center for Audit Quality tool is designed to help audit committees with oversight of this difficult adoption process.