FASB mulls lease accounting standard change as it moves HQ

Accounting Today

FASB Accounting Government accounting Accounting standards Real estate

Lease liabilities return to pre-pandemic level as companies adjust to accounting standard

Accounting Today

FASB Accounting Accounting standards Coronavirus

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Governmental Accounting Standards Update: 8/31/20

Katz,Sapper&Miller

The Government Accounting Standards Board (GASB) regularly issues GASB Statements to set accounting and financial reporting standards for state and local governments that follow generally accepted accounting principles in the United States (U.S.

Governmental Accounting Standards Update: 5/12/20

Katz,Sapper&Miller

The Governmental Accounting Standards Board (GASB) regularly issues GASB statements to set accounting and financial reporting standards for state and local governments that follow generally accepted accounting principles in the United States (U.S.

How to keep up to date with accounting standards

ThomsonReuters

When you can flag changes in accounting, auditing, and tax that clients didn’t know about, and help them manage commercial impacts with innovative solutions, then you’re well on your way to gaining their trust. Recent changes in accounting standards. Uncategorized Accounting

SEC advisory committee recommends revamp of FASB

Accounting Today

FASB Accounting Accounting standards Financial reporting SEC

ISSB roster completed with appointment of vice chair

Accounting Today

Accounting standards ESG IASB

SMBs May Get More Time To Adopt New Accounting Standards

PYMNTS

Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have said will place a significant burden as organizations work to comply with the requirements. Reports in Accounting Today last week said Financial Accounting Standards Board (FASB) Chairman Russell Golden revealed that it is considering extending the compliance deadline for small and private firms by as much as two years.

The problem with (and cure for) FASB's CECL

Accounting Today

Accounting CECL Accounting standards

FASB prepares to launch updated ASC platform

Accounting Today

FASB Accounting standards Technology

FASB seeks nominees for Small Biz Advisory Committee

Accounting Today

FASB Accounting Accounting standards

FASB releases supplier finance standard

Accounting Today

FASB Accounting Accounting standards Financial reporting

Governmental Accounting Standards Update: 4/24/19

Katz,Sapper&Miller

The Governmental Accounting Standards Board (GASB) regularly issues GASB statements to set accounting and financial reporting standards for state and local governments that follow generally accepted accounting principles in the United States (U.S.

Governmental Accounting Standards Update: 3/21/19

Katz,Sapper&Miller

The Governmental Accounting Standards Board (GASB) has issued Statement No. 87, Leases, in an effort to provide information that is more relevant and consistent related to the reporting of leases by governments. Effective for reporting periods after Dec. 15, 2019, this statement requires lessees to recognize a lease liability and a right-to-use asset for all leases regardless of classification.

FASB reports on investor outreach efforts

Accounting Today

FASB Accounting Investments Accounting standards

IASB proposes to update IFRS for SMEs

Accounting Today

Accounting Accounting standards International accounting IASB IFRS

Proposed Accounting Standards Update - In-Kind Contribution Reporting

Katz,Sapper&Miller

FASB Votes Against Extending the Lease Accounting Standard Due Date

LSLCPAs

The Financial Accounting Standards Board FASB rejected the Pennsylvania Institute of CPA’s (PICPA) request for a two-year extension of the lease accounting standard’s due date. The lease standard takes effect for nonpublic entities for fiscal years beginning after Dec.

India Gives NBFCs Two Years To Adopt New Accounting Standards

PYMNTS

The Securities and Exchange Board of India will reportedly give non-bank financial companies (NBFCs) two years to adopt and implement changes to accounting standards, the Financial Express reported Wednesday (Sept. The new Indian Accounting Standards (Ind AS) are expected to have a significant impact on NBFCs’ financial management strategies, leading India regulators to defer implementation for these entities, reports said.

Firms Offered More Time To Adopt New Accounting Standards

PYMNTS

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., is offering corporates more time to adopt some revised standards, The Wall Street Journal said on Thursday (Oct. According to reports, the FASB approved a proposal earlier this week to give businesses more time to adopt new standards related to hedging and leases, after voting in July to delay implementation deadlines by between one and three years.

FASB narrows digital asset project to focus on crypto

Accounting Today

FASB Cryptocurrency Blockchain Accounting standards Technology

GASB sets guidelines on notes to financial statements

Accounting Today

Accounting Government accounting Accounting standards

Tesla’s Bitcoin dump leaves accounting mystery in its wake

Accounting Today

FASB Accounting Tesla Accounting standards AICPA Bitcoin

Companies unsure of leasing costs and accounting transition

Accounting Today

FASB Accounting software Accounting Accounting standards

Why are pension disclosures in government financial statements up to 30 months old?

Accounting Today

GASB Pensions Accounting Government accounting Accounting standards

FASB adds ESG project to agenda

Accounting Today

FASB Accounting Accounting standards ESG

Keep an eye out for 'bargain purchases' in the energy industry

Accounting Today

Accounting Accounting standards M&A Energy industry

FASB Proposes Delays on Accounting Standard Changes

Katz,Sapper&Miller

On July 17, the Financial Accounting Standards Board (FASB) voted to have its staff prepare an exposure draft to delay the effective dates for accounting standard changes on leases, credit losses, and hedging. The FASB received several requests to provide relief as smaller companies are dealing with the highly challenging implementation of the revenue recognition standard.

FASAB proposes changes in federal lease accounting

Accounting Today

Accounting Government accounting Accounting standards

FASB proposes changes in insurance standard transition rules

Accounting Today

FASB Accounting Accounting standards Financial reporting Insurance

FASB plans new standards

Accounting Today

FASB Accounting Cryptocurrency Accounting standards ESG

GASB issues guidance on accounting for compensated absences

Accounting Today

GASB Accounting Government accounting Accounting standards

ESG reporting standards are coming, but are your clients ready?

Accounting Today

Accounting Thomson Reuters Accounting standards ESG IFRS

FASB proposes tax credit investment standard

Accounting Today

FASB Accounting Accounting standards Tax credits Financial reporting Tax

tax 81

IFRS Foundation clarifies plans for SASB standards, integrated reporting

Accounting Today

Accounting Climate change Accounting standards ESG IFRS

FASB pauses goodwill accounting project

Accounting Today

FASB Accounting Accounting standards Financial reporting

Academics at odds with IFRS Foundation trustees on sustainability reporting

Accounting Today

Accounting Accounting standards ESG International accounting IFRS

GASB proposes standard for gov't risk disclosures

Accounting Today

GASB Accounting Government accounting Accounting standards

FASB reports on agenda consultation

Accounting Today

FASB Accounting Accounting standards Financial reporting

FASB releases fair value guidance standard for equity securities

Accounting Today

FASB Accounting Investments Accounting standards Financial reporting

FASB Votes to Delay Effective Date for Major Accounting Standards

Katz,Sapper&Miller

Yesterday, the Financial Accounting Standards Board (FASB) voted to approve proposals to amend the effective dates for several major Accounting Standards Updates (ASUs). The FASB voted to issue final ASUs to amend the effective dates of the following ASUs

FASAB forming task force on climate reporting

Accounting Today

Accounting Government accounting Accounting standards Climate change ESG

FASB Formally Delays Effective Dates for Major Accounting Standards

Katz,Sapper&Miller

The Financial Accounting Standards Board (FASB) has officially deferred the effective dates of new Accounting Standards Updates (ASUs) related to credit losses, leases, hedging, and long-duration insurance contracts with the issuance of ASU No.