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...
by Accounting Today | Jul 7, 2022 | Articles, GASB, Government Accounting
Summary provided by MaterialAccounting.com: This article highlights the new GASB framework for disclosure requirements for state and local governments. — The Governmental Accounting Standards Board released a concepts statement Thursday to provide a conceptual...
by Accounting Today | Jun 14, 2022 | Articles, Assurance, Auditing, Depreciation, Fixed Asset Accounting, PP&E (Property, Plant, & Equipment)
The Internal Revenue Service issued a revised Audit Technique Guide last week to help examining agents evaluate the validity of cost segregation studies submitted by taxpayers to substantiate accelerated depreciation deductions.These far-reaching updates were needed...
by Accounting Today | Jun 7, 2022 | Articles, ASC 842, Lease Accounting
Summary provided by MaterialAccounting.com: This article discusses LeaseQuery’s lease benchmark report which reveals important information about lease liabilities and market changes. — The average number of leases held by companies has returned to or...
