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How AI Can Help With Lease Accounting

CPA Practice

By Amrita Choudhary, Kiplinger Consumer News Service (TNS) In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. Where artificial intelligence comes in Fortune Business Insights projects that by 2026, the global accounting software market will be worth $20.4 Neglecting training and updates.

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How AI Can Help With Lease Accounting

CPA Practice

By Amrita Choudhary, Kiplinger Consumer News Service (TNS) In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. Where artificial intelligence comes in Fortune Business Insights projects that by 2026, the global accounting software market will be worth $20.4 Neglecting training and updates.

Account 52
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FASB Adds Members to Not-for-Profit Committee

CPA Practice

The Financial Accounting Standards Board ( FASB ) has announced the appointment of six new members to its Not-for-Profit Advisory Committee ( NAC ), effective January 1, 2024. Each new member was appointed to a four-year term ending on December 31, 2027. The NAC serves as a standing resource for the FASB.

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FASB Adds New Members to Not-for-Profit Advisory Committee

CPA Practice

The Financial Accounting Standards Board ( FASB ) has appointed six new members to its Not-for-Profit Advisory Committee ( NAC ), effective January 1, 2024. Each new member was appointed to a four-year term ending on December 31, 2027. The NAC serves as a standing resource for the FASB.

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The Rundown: Third Quarter 2023

Cherry Bekaert

The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. However, three of the four ASUs pertain to SEC guidance contained in the Codification and there were no new standards issued by the Government Accounting Standards Board (GASB) this quarter.

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Regulatory Compliance Digest | October/November 2023

Cherry Bekaert

The amendment adopts a new metrics-based approach to evaluating bank retail lending and community development financing, using benchmarks based on peer and demographic data. January 1, 2027: Applicable reporting requirements. Provide greater clarity and consistency in the application of the CRA regulations.