Recent articles
How to Calculate the Present Value (PV) of Future Lease Payments in Excel
Learn how to calculate the present value of lease payments.
ICYMI—Applying the New Accounting Guidance for Contributions
In Brief Not-for-profit organizations receive financial donations as a matter of course, but the accounting for that revenue depends on whether the transaction is classified as a contribution or an exchange, and the distinction between the two is not always easy to...
Why Clients Shouldn’t Ignore FASB Lease Standards
Companies need to prioritize ASC 842 despite the delay because of COVID-19.
GASB at 35: A Look Back, A Look Forward
In Brief The need for accounting standards for government entities has been long recognized, but the road to establishing the right body to set such standards was not a smooth one. Success was finally achieved 35 years ago with the creation of the Government...
FASB Proposes Delaying Effective Date of Certain Standards Due to COVID-19 Pandemic
On April 8, 2020, FASB and its staff met to discuss various issues relating to the implications of the coronavirus (COVID-19) pandemic on certain FASB accounting standards–setting activities. The board’s discussions covered the impact of the current efforts to address...
The Implications of GASB Statement 87 on Lease Accounting
Learn the impact GASB 87 will have on lease accounting.