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MaterialAccounting strives to be a leading source of financial accounting information. We keep our readers up to date on the latest accounting news and aim to provide relevant information to anyone involved in the accounting and finance world.

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Our mission is to simplify financial accounting for accounting professionals who seek a comprehensive resource to help grow their understanding of the subject. Whether you’re an experienced accountant or a business owner trying to expand your accounting knowledge, we are here to help.

Recent Articles

Lease Accounting Transition Advice from the Experts

Lease Accounting Transition Advice from the Experts

Summary provided by MaterialAccounting.com: In this article, lease accounting experts discuss their the main challenges they faced when adopting the new standards and offer advice for your transition.   Private companies are either in the process of implementing...

Five Tips for Small Business Lease Accounting

Five Tips for Small Business Lease Accounting

Summary provided by MaterialAccounting.com: Small businesses managing the transition to the new standards will benefit from these tips for small business lease accounting.  After much delay, the compliance deadline for the new lease accounting rules is fast...

Relief for Private Company Franchisors applying ASC 606

Relief for Private Company Franchisors applying ASC 606

Summary provided by MaterialAccounting.com: This article explains how private company franchisors apply ASC 606.    ASC 606, Revenue from Contracts with Customers, was released by the FASB in May of 2014. It was effective for public companies in 2018 and was...

5 Steps to Prevent Material Weaknesses Before an Independent Audit

5 Steps to Prevent Material Weaknesses Before an Independent Audit

Summary provided by MaterialAccounting.com: This article explains 5 steps to protect against material weakness as you prepare for an independent audit.    The stock value of a public company can drop significantly when an independent auditor finds a material...

FASB Proposes Amendment for Guidance on ASC 842 Discount Rate

FASB Proposes Amendment for Guidance on ASC 842 Discount Rate

Summary provided by MaterialAccounting.com: This article explains FASB's proposed amendment to ASC 842 affecting private companies and not-for-profits. On June 16, 2021, the FASB issued a proposed Accounting Standard Update (ASU), or amendment to ASC 842. The...