The Business Journals

For CFOs, these new accounting standards will have an impact

The new FASB Lease Accounting Standards to be finalized by the end of the summer 2015 will radically transform lease accounting, with far reaching consequences to a company's financial results. Under ...
City & State New York

Creating Significant Potential Impact on Not-for-Profits - Lease Accounting Standards

In 2016, the Financial Accounting Standards Board (“FASB”) broadly updated its lease accounting standards in ASC 842. Initially, all entities were required to adopt these rules by 2020. However, due ...
JournalofAccountancy

Accounting & reporting

Auditors need to evaluate new processes and controls in determining whether clients and companies are complying with FASB’s new lease accounting standard. The Financial Accounting Foundation selected ...
Business Wire

Consumers Leasing EVs at a High Rate, Accounting for Nearly 1-in-5 of All New Leases

SCHAUMBURG, Ill.--(BUSINESS WIRE)--With electric vehicles (EVs) continuing to become a viable option for prospective vehicle shoppers, one trend stands out: EV buyers opting to lease. According to ...
JournalofAccountancy

Accounting & reporting

FASB’s staff published Q&As to address issues related to hedge accounting during the coronavirus pandemic. As the coronavirus gripped the world, regulators, standard setters, and others moved to ...