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FASB Issues Improvements to the New Lease Accounting Standard
On July 30, 2018, the Financial Accounting Standards Board (FASB) issued ASU No. 2018-11, a long-awaited – but expected – update to pending changes in lease accounting standards, intended to...
ICYMI | Accounting for Leases Under the New Standard, Part 1
This article discusses how to define and classify leases under ASC 842.
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Multiple Challenges Coming With New Lease Accounting Standard
Prepare for these challenges that come with the new lease accounting standard.
Automatic consent to accounting method change for new FASB & IASB financial accounting standards
This article contains information about recognizing revenue from contracts with customers under the new financial standards issued by FASB and IASB.
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It Is Time to Bring Order to the M&D Lease Universe
Public company accounting departments closing the books on 2017 may find it difficult to take a breath. Fresh from filing their 10-K and finalizing their preparation for the FASB’s new revenue...
Revenue Recognition: Accounting for Franchisor Revenues
This article provides information about ASC 606.