by Accounting Today | May 9, 2022 | Articles, FASAB, Government Accounting
Summary provided by MaterialAccounting.com: This article discusses the recent updates from The FASAB. The update provides technical clarification and amendments on lease accounting. — The Federal Accounting Standards Advisory Board is looking for feedback on an...
by Accounting Today | May 9, 2022 | Articles, GASB, Government Accounting
Summary provided by MaterialAccounting.com: This article highlights The GASB’s updated guidance for different accounting issues. The Governmental Accounting Standards Board issued guidance Monday to address different accounting and financial reporting...
by Accounting Today | Apr 14, 2022 | Articles, ASC 842, GASB 87, Lease Accounting
Summary provided by MaterialAccounting.com: Private companies need to make a plan for long-term compliance with the new lease accounting standards. Many companies would rather just forget the past couple of years — the list of challenges they’ve faced is long, and...
by Accounting Today | Apr 1, 2022 | Articles, Goodwill Accounting, Intangible Assets
Summary provided by MaterialAccounting: This article discusses the increase in goodwill impairments during the COVID-19 pandemic. The total value of goodwill impairments recorded by U.S. public companies more than doubled in 2020 during the first year of the...
by Accounting Today | Apr 1, 2022 | Articles, GASB, GASB 87, GASB 96, Government Accounting, Lease Accounting
Summary provided by MaterialAccounting.com: Government accountants needs to adopt the new GASB lease accounting standards now to avoid scrambling to achieve compliance in the future. The Governmental Accounting Standards Board set the effective date for the GASB 87...
