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 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: 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.
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.