8-K Definition
Form 8-K refers to a report filed with the SEC, which is used to announce specific events shareholders in public U.S. companies need to know about.
Recent Articles
FASB proposes to add guidance on accounting for profits interest awards
Summary provided by MaterialAccounting.com: This article summarizes the FASB's proposed changes to the accounting standards. The Financial Accounting Standards Board proposed an accounting standards update Thursday that would add illustrative guidance to help...
Exploring the Differences Between IFRS and GAAP
Summary provided by MaterialAccounting: This article compares and contrasts IFRS and GAAP, including examples. -- The world of financial reporting operates on two major frameworks. These include International Financial Reporting Standards (IFRS) and Generally...
FASB Amends Lease Accounting for Common Control Arrangements
Summary provided by MaterialAccounting: This article discusses the recent FASB update for arrangements between entities under common control. The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-01, Leases (Topic 842): Common...
Post-Transition Policy and Procedure Considerations for Lease Accounting
Summary provided by MaterialAccounting.com: This article provides everything you need to know about post-transition lease accounting. ------- Wondering what’s next after successfully transitioning to ASC 842? Whether a company is using a lease accounting software or...
Best practices for implementing the new lease accounting standard
Summary provided by MaterialAccounting: This article describes the best tips for implementing ASC 842. The new standard requiring all leases longer than 12 months to be recorded on balance sheets is now in effect for nonpublic companies with a fiscal year beginning...
Is It Time to Update Your Accounting Practices?
Summary provided by MaterialAccounting.com: This article provides tips to help make your accounting processes and systems more efficient. If you ask some business owners why they do things a certain way, they might answer, “Because we’ve always done it that way.” But...
Lease Purchase Options and More Intersections of Fixed Assets and Lease Accounting Explained with a Full Example
Summary provided by MaterialAccounting.com: This article provides an overview of fixed asset accounting and accounting for leases under the new FASB standard, with examples. This article will explore the intersection of fixed asset accounting and accounting...
How to Keep Your Accounting Team Happy in 2023
Summary provided by MaterialAccounting.com: This article provides tips to keep your accounting team happy as the industry struggles to keep people in their current positions. According to a recent article from the Wall Street Journal, over 300,000 U.S....