Material Accounting: Financial Accounting News & Resources

GASB Standards Effective Soon: Leases and Subscription-Based IT Arrangements

An overview of the new GASB standards, Statement 87 and Statement 96.

Read about the updated guidance on goodwill impairment FASB implemented in March of 2021.

Read about concerns related to intangible assets and business combinations.

This article discusses the recent updates from The FASAB.

This article highlights The GASB’s updated guidance for different accounting issues.

Learn about the value of acquired goodwill in the current economy.

Learn the definition of a lease under GASB 87 and how to create a lease inventory under the new standard.

Private companies need to make a plan for long-term compliance with the new lease accounting standards.

This article discusses the increase in goodwill impairments during the COVID-19 pandemic.