by LeaseQuery | Sep 1, 2022 | Articles, ASC 842, GASB 87, IFRS 16, Lease Accounting
Summary provided by MaterialAccounting.com: The new lease accounting standards require both quantitative and qualitative disclosures. This article explains everything you need to know about the necessary qualitative disclosures under the updated rules. —...
by LeaseQuery | Jul 25, 2022 | Articles, FASAB, Government Accounting
Summary provided by MaterialAccounting.com: This article discusses changes under the new FASAB standard, SFFAS 54. What is SFFAS 54? SFFAS 54 is the new lease accounting standard issued by the Federal Accounting Standards Advisory Board (FASAB or “the Board”) which...
by LeaseQuery | May 27, 2022 | Articles, GASB, GASB 87, GASB 96, Government Accounting, Lease Accounting
Summary provided by MaterialAccounting.com: This article provides an update to the GASB standards. GASB 99 discusses additional info on GASB 87 and GASB 96. — On May 9, 2022 the GASB issued Statement No. 99 Omnibus 2022 (GASB 99) providing clarification...
by LeaseQuery | May 9, 2022 | Articles, ASC 842, Debt, Discount Rates, Lease Accounting, US GAAP Accounting
Summary provided by MaterialAccounting.com: This article provides information about the next steps to take in your ASC 842 transition after compiling your lease portfolio and determining important dates, which is establishing your initial lease liability and ROU...
by LeaseQuery | Apr 18, 2022 | Articles, GASB, GASB 87, Government Accounting, Lease Accounting, Transfer
Summary provided by MaterialAccounting: This article provides the definition of a lease under GASB 87 as well as how to create a lease inventory under the new standard. For your organization to comply with GASB 87, the new lease accounting standard, you’ll need to...
