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...
by Accounting Today | Mar 31, 2022 | Articles, CECL, Debt, Investment Accounting
The Financial Accounting Standards Board released an accounting standards update Thursday aimed at improving the usefulness of information offered to investors about certain loan refinancings, troubled debt restructurings, vintage disclosures and gross write-offs,...
by Accounting Today | Dec 7, 2021 | Articles, Goodwill Accounting, Impairment, Intangible Assets
The CFA Institute released the results Tuesday of a global survey of investment professionals on accounting for goodwill, related disclosures, and how those issues are affecting analysis and investment decision-making.The survey found that investors would prefer one...
by Accounting Today | Nov 11, 2021 | Articles, ASC 842, Debt, Discount Rates, Lease Accounting
The Financial Accounting Standards Board issued an accounting standards update Thursday in an effort to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee benefit plans.The amendments in...
by Accounting Today | Nov 10, 2021 | Articles, Industry Accounting, Lease Accounting, Non-Profit
The Financial Accounting Standards Board voted Wednesday against deferring the lease accounting standard for a third time for private companies and not-for-profit organizations.The standard is set to take effect for nonpublic entities for fiscal years beginning after...
