article thumbnail

Bridging The Accounting Gap For Lessors And Lessees

PYMNTS

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant. In the U.S.,

article thumbnail

Corporate Investors Irked By Lease Accounting Changes

PYMNTS

Chief financial officers are changing their views on how they assess corporate performance in light of changes to lease accounting rules coming into play. Companies including Orange, Deutsche Telekom and Air France have already notified investors that they are amending or changing performance metrics.

Account 49
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Small Businesses’ Biggest Lease Accounting Pitfalls

PYMNTS

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases.

Account 40
article thumbnail

Govt Eyes BEC, Govt Slammed By BEC

PYMNTS

Amid reports this week that changes to accounting standards are coming over the next few weeks, the Securities and Exchange Commission (SEC) has said that financial professionals, including accountants, must be mindful of cybersecurity risks. firms have lost more than $5 billion to BEC scams. city government.

article thumbnail

Bringing Personalization Tech To The CFO’s Office

PYMNTS

With the newest software iteration, personalization allows CFOs to choose how accounting information is maintained and also should be differentiated from customization, which Bres said can typically include more time spend on changing software and training users.