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Changes to Lease Accounting Rules (ASC 842)

SMBAccountant

New rules are going into effect for lease accounting which may change how small businesses who follow Generally Accepted Accounting Principles (GAAP) think about and reporting leases. The new lease accounting rules seek to make the impact ofleases more transparent within financial statements. Permalink

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Watch out for regulatory progress on the supply-chain finance front 

ThomsonReuters

Supply-chain finance is nothing new; it’s been?around Greensill Capital collapsed in early 2021 when it lost financing after its shady practices came to light. Understanding the supply-chain finance process. In general, the financing arrangement is one where: . And lenders get their financing fees.

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Navigating the Complexities of Delaware Statutory Trusts

Cherry Bekaert

It is imperative that real estate owners, developers and investors understand the structural intricacies and financial implications of DSTs so that they can reap tax benefits and properly account for the investment. It is critical for an entity to understand how a DST would be accounted for under GAAP before proceeding with an investment.

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Navigating the Complexities of Delaware Statutory Trusts

Cherry Bekaert

It is imperative that real estate owners, developers and investors understand the structural intricacies and financial implications of DSTs so that they can reap tax benefits and properly account for the investment. It is critical for an entity to understand how a DST would be accounted for under GAAP before proceeding with an investment.

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Top accounting issues in 2023

ThomsonReuters

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide.

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The Rise and Impacts of Digital Asset Use: Through the Eyes of the Accountant

Cherry Bekaert

Authors: Graham Michitsch , Senior Manager, Risk & Accounting Advisory Services | Louis Liu , Manager, Risk & Accounting Advisory Services Digital assets and the underlying technology have taken the marketplace by storm in recent years and accountants are not immune.

Account 98
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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Look no further, Accountingfly’s top remote accounting candidates of the week are here.

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