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FASB mulls lease accounting standard change as it moves HQ

Accounting Today

FASB Accounting Government accounting Accounting standards Real estate

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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.

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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.

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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

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Governmental Accounting Standards Update: 7/9/19

Katz,Sapper&Miller

The Governmental Accounting Standards Board (GASB) has issued Statement No. 91, Conduit Debt Obligations to improve the existing standards by providing a single method for government issuers to report conduit debt obligations and related commitments and to eliminate diversity in practice associated with reporting conduit debt obligations

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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.

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Crypto accounting and decrypting digital assets

Accounting Today

FASB Accounting Cryptocurrency Digital currencies Accounting standards

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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.

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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.

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ISSB roster completed with appointment of vice chair

Accounting Today

Accounting standards ESG IASB

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Proposed Accounting Standards Update - In-Kind Contribution Reporting

Katz,Sapper&Miller

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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.

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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.

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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.

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SEC advisory committee recommends revamp of FASB

Accounting Today

FASB Accounting Accounting standards Financial reporting SEC

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FASB prepares to launch updated ASC platform

Accounting Today

FASB Accounting standards Technology

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FASB proposes new chapter in Conceptual Framework

Accounting Today

FASB Accounting Accounting standards

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FASB decides to measure digital assets at fair value

Accounting Today

FASB Accounting Cryptocurrency Accounting standards

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Edward Bernard elected chair of FAF

Accounting Today

FASB GASB Accounting Accounting standards

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IASB proposes leeway for deferred tax accounting under OECD rules

Accounting Today

Corporate taxes Accounting standards International taxes Tax International accounting

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FASB tweaks long-duration insurance contract guidance

Accounting Today

FASB Accounting Accounting standards

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

Accounting Today

Accounting CECL Accounting standards

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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.

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Crypto at fair value: Inside FASB's decision

Accounting Today

FASB Accounting Accounting standards Technology Cryptocurrencies

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ISSB defines how it will use 'sustainability'

Accounting Today

Accounting standards Climate change ESG

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GASB proposes implementation guidance on leases, subscription-based tech and more

Accounting Today

GASB Accounting Government accounting Accounting standards

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FASB reports on investor outreach efforts

Accounting Today

FASB Accounting Investments Accounting standards

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FASB proposes to add recognition, derecognition guidance to conceptual framework

Accounting Today

FASB Accounting Accounting standards Financial reporting

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Companies face tougher net-zero validation requirements

Accounting Today

Accounting Climate change Accounting standards ESG EY

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PCAOB and FASB ready new standards for overhauled agendas

Accounting Today

FASB Accounting standards Audit standards Audit PCAOB

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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

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IASB chair says crypto standard not a priority

Accounting Today

Cryptocurrency Accounting standards Technology IASB

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FASB proposes changes in accounting for joint ventures

Accounting Today

FASB Accounting Accounting standards Financial reporting

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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.

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FASB proposes update for leases under common control

Accounting Today

FASB Accounting standards Financial reporting

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FASB seeks nominees for Small Biz Advisory Committee

Accounting Today

FASB Accounting Accounting standards

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GASB sets guidelines on notes to financial statements

Accounting Today

Accounting Government accounting Accounting standards

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GASB creates going concern task force to deal with financial stresses

Accounting Today

GASB Accounting Government accounting Accounting standards

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Companies unsure of leasing costs and accounting transition

Accounting Today

FASB Accounting software Accounting Accounting standards

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Banks, Businesses Brace For Far-Reaching Accounting Standard Changes

PYMNTS

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. The changes, initiated by the Financial Accounting Standards Board (FASB), will affect the way businesses report on leasing costs, revenue recognition, credit losses, financial assets and liabilities, derivatives and hedging.

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IASB proposes to update IFRS for SMEs

Accounting Today

Accounting Accounting standards International accounting IASB IFRS

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UK Tightens Accounting Standards As Corporate Collapses Continue

PYMNTS

have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian reported on Monday (Sept. According to reports, the FRC issued an updated going concern standard, adding “significantly stronger requirements” for U.K. auditors than are currently mandated under international standards. B2B Payments accounting audits B2B corporate accounting FRC investigations News regulation requirements standards U.K.