ACCOUNTING, AUDITING & ATTEST SERVICES

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.


Lease Accounting: A Private Company Perspective
 

Lease Accounting: A Private Company Perspective

Posted: April 1, 2019
As they implement the Financial Accounting Standards Board's new lease accounting rules, private companies and not-for-profits might be surprised by the complexity of the transition and the effect on financial statements.

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.