by Accounting Today | May 11, 2023 | Articles, US GAAP Accounting
Summary provided by MaterialAccounting.com: This article summarizes the FASB’s proposed changes to the accounting standards. The Financial Accounting Standards Board proposed an accounting standards update Thursday that would add illustrative guidance to help...
by Accounting Today | Feb 16, 2023 | Articles, ASC 842, Lease Accounting
Summary provided by MaterialAccounting: This article describes the best tips for implementing ASC 842. The new standard requiring all leases longer than 12 months to be recorded on balance sheets is now in effect for nonpublic companies with a fiscal year beginning...
by Accounting Today | Dec 30, 2022 | Articles, Auditing, Lease Accounting
Summary provided by MaterialAccounting.com: Are you ready for audit season? This article explores top tips for upcoming audits, including potential trouble spots. — As companies look ahead to audit season, it’s more important than ever to stay aware of...
by Accounting Today | Nov 22, 2022 | Articles, Lease Accounting
Summary provided by MaterialAccounting.com: This article discusses a new FASB proposal, guiding how we think about the items in financial statements. The Financial Accounting Standards Board is proposing a new chapter in its conceptual framework discussing the...
by Accounting Today | Sep 19, 2022 | Articles, ASC 842, Lease Accounting
Summary provided by MaterialAccounting.com: This article discusses the FASB’s possible change to the new lease standard, ASC 842. The Financial Accounting Standards Board is considering a change in its leases standard to address leases that are under the...
