by LeaseQuery | Dec 23, 2021 | Articles, GASB, GASB 87, GASB 96, Government Accounting, Lease Accounting
Summary by MaterialAccounting.com: Use this article as a guideline when approaching your board about purchasing a software solution to help implement the new GASB standard. Whether you’re adopting GASB 87 or GASB 96, transitioning to the new standards is a...
by LeaseQuery | Nov 24, 2021 | Articles, GASB, GASB 87, Government Accounting, Lease Accounting
Summary provided by MaterialAccounting.com: This article provides an overview of government fund accounting under GASB 87. Examples are included. What is government fund accounting? Fund accounting is a system of accounting used primarily by nonprofit and governmental...
by LeaseQuery | Nov 12, 2021 | Articles, ASC 842, GASB 87, IFRS 16, Lease Accounting
Summary provided by MaterialAccounting.com: This article explores the benefits of accounting software for dual-filers. The new lease accounting standards are nuanced regardless of which one you apply. Having to account for your leases under two separate...
by LeaseQuery | Oct 29, 2021 | Articles
Summary provided by MaterialAccounting.com: This article from LeaseQuery provides an overview of GASB 87 for the higher education industry, including tips for a smooth transition. With the first semester of the 2021-2022 school year barreling to a close and annual...
by LeaseQuery | Oct 1, 2021 | Articles, ASC 842, Lease Accounting
Summary provided by MaterialAccounting.com: This article explains the interest rate options available to you under ASC 842. Interest rates under ASC 842 The Financial Accounting Standards Board (FASB) issued ASC 842, Leases, in order to standardize financial...
