Recent articles
GASB 62 to GASB 87 – Eight Tips to Ease the Transition
Get tips for implementing GASB 87.
ASU 2016-15 and GAAP Treatment of Securitization-Related Cash Flows
The securitization of trade receivables is a multibillion-dollar sector, and it is growing. It is vitally important that U.S. GAAP correctly reflect the economics of these transactions. This article argues that, in essence, cash inflows resulting from a transferor’s...
Lease Accounting for Small Businesses: What You Need to Know
This article explains how accounting software can help small businesses.
CECL and the New AICPA Practice Aid (Part 2): Financial Statement Presentation and Enhanced Financial Statement Disclosures
New accounting standards that fundamentally change the way financial services organizations calculate current expected credit losses (CECL) took effect for large institutions on January 1, 2020. The new standards are part of a broader effort to increase the accuracy...
Identifying Embedded Leases under ASC 842 and GASB 87
Use this article to help you identify embedded leases under the new standards.
Finance (Capital) Lease vs Operating Lease: Differences under ASC 842, IFRS 16, and GASB 87
Understand the difference between capital or finance leases and operating leases.