ACCOUNTING, AUDITING & ATTEST SERVICES


Lease Accounting: Keep Pushing Ahead
 

Lease Accounting: Keep Pushing Ahead

Posted: October 22, 2019
Despite the FASB's delay in the lease accounting effective date for private companies and certain other entities, there's not a lot of time for companies to handle a complicated implementation.

FASB Votes to Delay Effective Dates for 3 Major Standards
 

FASB Votes to Delay Effective Dates for 3 Major Standards

Posted: October 18, 2019
Effective dates will be delayed for private companies and certain other entities for FASB’s standards on accounting for leases, credit losses (known as CECL) and hedging after a unanimous vote Wednesday by FASB.

How to Make the Most of FASB
 

How to Make the Most of FASB's Effective Date Delays

Posted: August 29, 2019
The Financial Accounting Standards Board has proposed delays in effective dates for some major accounting standards for certain financial statement preparers. Here's how preparers can make the best use of the extra time.


FASB Seeks to Delay Effective Dates for Three Standards
 

FASB Seeks to Delay Effective Dates for Three Standards

Posted: August 16, 2019
The Financial Accounting Standards Board has issued a proposed ASU that would grant private companies, not-for-profit organizations and certain small public companies additional time to implement FASB standards on current expected credit losses, leases and hedging. Comments are due by Sept. 16, 2019.

Lease Accounting Post-Adoption
 

Lease Accounting Post-Adoption

Posted: July 8, 2019
Many companies used brute force to meet the initial lease accounting deadlines. To comply long term, they will need processes, policies and controls.