by Moss Adams | Jul 30, 2021 | Articles, Compensation, Expense Accounting, Income Taxes
The IRS has extended through 2021 the tax benefits provided to employers for leave-based donation programs that aid victims of the COVID-19 pandemic. What Are Leave-Based Donation Programs? Under leave-based donation programs, employees can forgo their vacation, sick,...
by Moss Adams | Jul 23, 2021 | Articles
Summary provided by MaterialAccounting.com: This article provides insight into the FASB’s update to ASC 842 about lessor’s accounting for leases with variable lease payments. – On July 19, 2021, the Financial Accounting Standards Board (FASB) issued...
by Moss Adams | Jul 19, 2021 | Articles, GASB, Government Accounting
The Governmental Accounting Standards Board (GASB) has issued Implementation Guide No. 2021-1, Implementation Guidance Update—2021. The implementation guide contains new questions and answers that address the application of GASB standards on derivative instruments,...
by Moss Adams | Jul 12, 2021 | Articles, Auditing
Summary provided by MaterialAccounting.com: This article explains 5 steps to protect against material weakness as you prepare for an independent audit. The stock value of a public company can drop significantly when an independent auditor finds a material...
by Moss Adams | Jun 28, 2021 | Articles, ASC 842, Debt, Discount Rates, Lease Accounting, Trending
Summary provided by MaterialAccounting.com: This article explains FASB’s new proposed changes to ASC 842, impacting risk-free rate elections. The Financial Accounting Standards Board (FASB) has issued proposed Accounting Standards Update (ASU), Leases (Topic...
