Recent articles
FASB Eliminates Accounting Guidance for Troubled Debt Restructurings by Creditors
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage...
IFRS 9 – Making this big standard more digestible!
IFRS 9 fundamentally changed the way financial instruments were accounted for and reported under IFRS. The standard was issued in various phases, taking years to develop and issue. Given the...
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How to Conduct an Inventory of Your Leases under GASB 87
Learn the definition of a lease under GASB 87 and how to create a lease inventory under the new standard.
The clock is ticking for private cos. to tackle lease accounting
Private companies need to make a plan for long-term compliance with the new lease accounting standards.
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Goodwill impairments surged during pandemic
This article discusses the increase in goodwill impairments during the COVID-19 pandemic.
Government accountants procrastinating on GASB leases standard
Government accountants needs to adopt the new GASB standards now to avoid scrambling in the future.