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FASB proposes to add guidance on accounting for profits interest awards

FASB proposes to add guidance on accounting for profits interest awards

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...
Best practices for implementing the new lease accounting standard

Best practices for implementing the new lease accounting standard

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...
Watch out: Top focal points for audit season

Watch out: Top focal points for audit season

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...
FASB proposes to add guidance on accounting for profits interest awards

FASB proposes to add recognition, derecognition guidance to conceptual framework

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...
FASB proposes to add guidance on accounting for profits interest awards

FASB mulls lease accounting standard change as it moves HQ

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...
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