by Accounting Today | Jun 8, 2023 | Articles, ASC 840, ASC 842, Lease Accounting
Summary provided by MaterialAccounting: This article discusses changes to the conceptual framework for financial reporting under FASB. The Financial Accounting Standards Board released a new chapter Thursday of its Conceptual Framework describing a reporting...
by Accounting Today | May 30, 2023 | Articles, GASB, Government Accounting
Summary provided by MaterialAccounting.com: This article discusses upcoming changes to the financial reporting requirements under GASB. — The pace of issuance and implementation of new Governmental Accounting Standards Board statements continues to accelerate....
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...
