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Differences Between FASB ASC Topic 842 and IFRS 16 for Lessees

Better understand the Differences between FASB ASC Topic 842 and IFRS 16 for Lessees and how to account for the joint project initiatives.

FASB ASC Topic 842 Lease Accounting – How to Handle Legacy Deferred Rent Liabilities

Learn more about the handling of Legacy Deferred Rent Liabilities required under FASB ASC Topic 840 and what you should do with your deferred rent accounts.

FASB Delays Leasing and Revenue Recognition for Certain Organizations in Response to COVID-19

On Wednesday, May 20, 2020, the FASB voted to delay the effective date of ASU 2016-012, Leases and ASU 2014-09, Revenues from Contracts with Customers

Coronavirus Pandemic - Accounting and Financial Reporting Impacts under U.S. GAAP

Learn more about how companies are adjusting to the challenges posed by the coronavirus pandemic including managing a remote workforce, lost sales, and temporary orders to shut down.

FASB Votes to Delay Leases, Hedging and CECL Effective Dates for Private Companies and Certain Other Entities

On Wednesday October 16, 2019, the FASB unanimously voted to delay the effective dates of three major Accounting Standards Updates (ASUs) for private companies