Recent articles
Straight-Line Method of Depreciation Explained with a Finance Lease Example, Journal Entries
This article explains how to use the straight-line method of depreciation with examples and journal entries.
FASB Proposes Amendment for Guidance on ASC 842 Discount Rate
FASB issued a proposed amendment to ASC 842.
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FASB Proposes Changes to Topic 842 Risk-Free Discount Rate Practical Expedient
This article explains FASB’s new proposed changes to ASC 842.
2021 FASB Innovation Summit: Notable Accounting Experts Discuss Implementation
A summary of the 2021 FASB Innovation Summit.
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Reminders for using the measurement alternative under ASC 321
Learn about the measurement alternative under ASC 321.
Lease Amendment Accounting Explained: Expansion of Leased Premises
How to account for a lease that expands the leased premises beyond the original terms.