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Leases: While the standard is delayed, your analysis should not be!
Back in November 2019, the FASB issued Accounting Standards Update 2019-10: Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging
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
ASC 842 Expected to Impact Natural Resource Sector
Accounting Standard Codification (ASC) Topic 842 - Leases, the new FASB lease accounting standard aimed at closing a major concern of stakeholders in lease
Professional Service Firms - Are You Ready for the Implementation of the New Lease Standard? What Are the Five Key Questions to Ask?
Professional service firms will be required to adopt Accounting Standards Update (ASU) 2016-02 Topic 842 - Leases (ASU 2016-02) in the upcoming years.