ACCOUNTING, AUDITING & ATTEST SERVICES

FASB Issues Narrow-Scope Improvements to Accounting for Lessors
 

FASB Issues Narrow-Scope Improvements to Accounting for Lessors

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.


Technology Issues to Consider in Lease Accounting
 

Technology Issues to Consider in Lease Accounting

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.


Leases: A Portfolio Approach
 

Leases: A Portfolio Approach

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.


The New Lease Accounting Standard: Don
 

The New Lease Accounting Standard: Don't Delay Compliance

Posted: March 2, 2018
Although the 2019 implementation dead­line for the new lease accounting standard seems a long way off, companies must be­gin preparing now. Compiling a complete inventory of a company’s lease agreements and key terms is a critical first step.