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John Sullivan

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IFRS 16, Leases - Lessee Perspective

Learn more about IFRS 16 and how and the suggested solution for your organization based on the complexities of your lease profile.

IFRS Conversion Considerations: Revenue Recognition

Learn more about key revenue recognition differences when contemplating a conversion from U.S. GAAP to IFRS.

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 – Discount Rate

The new lease accounting rules retain the two-classification concept that existed under previous lease accounting rules. Leases are classified as operating
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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.
Audit, Leases
John Sullivan | 10.17.2019

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
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