by Accounting Web | Dec 11, 2017 | Articles, ASC 840, ASC 842, Lease Accounting
Summary provided by MaterialAccounting.com: FASB issued an update to help preparers implementing the new standards with easements and separation of non-lease and lease components for lessors. The Financial Accounting Standards Board (FASB) has opted to ease the burden...
by Accounting Web | Oct 17, 2017 | Articles, Auditing, Investment Accounting, US GAAP Accounting
In what the Financial Accounting Standards Board (FASB) calls a “perpetual project,” a proposed Accounting Standards Update has been issued that will make technical corrections, clarifications and other minor improvements to generally accepted accounting...
by Accounting Web | Sep 22, 2014 | Articles, Going Concern
The Public Company Accounting Oversight Board (PCAOB) on Monday reminded auditors that they should continue adhering to the board’s existing standards when considering an organization’s ability to operate as a going concern. In Staff Audit Practice Alert No. 13,...
by Accounting Web | Dec 4, 2013 | Articles, Expense Accounting, Income Taxes
The Financial Accounting Standards Board (FASB) said on December 3 it will continue to analyze the Financial Accounting Foundation (FAF) post-implementation review (PIR) of FASB Statement No. 109, Accounting for Income Taxes. The FAF had concluded that, while...
by Accounting Web | Mar 11, 2013 | Articles, ASC 360, Fixed Asset Accounting, PP&E (Property, Plant, & Equipment), US GAAP Accounting
By Frank Byrt On March 11, the Financial Accounting Foundation (FAF) released its latest version of the print edition of the Financial Accounting Standard Board’s (FASB) Accounting Standards Codification. The publication and its online version represent...
