Five CFO action items…The Financial Accounting Standards Board’s issuance yesterday of its updated lease accounting standard ushers in a new era in which companies will recognize most leases on their balance sheets. This change will increase reported assets and liabilities for companies across all sectors – in some cases very significantly, with trillions of dollars of lease obligations expected to move onto balance sheets by January 2019…read full article.
Balance sheets…In a long-anticipated move that could make corporate balance sheets look a good deal fatter than they seem today, the Financial Accounting Standards Board on Thursday updated its lease accounting standard.
Under the new guidance, companies that lease property or equipment will be required to recognize on their balance sheets assets and liabilities for leases with terms of more than 12 months…read full article.
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SeaWorld’s board has “directed management to end the practice in which certain employees posed as animal-welfare activists,” said the CEO.
The gain in personal spending is the largest since May and, along with other recent data, suggests the U.S. economy is holding steady in early 2016.
Finance chiefs will need to assess the effects of the FASB leasing update so they can plan for needed business and process changes at their companies.
The move may be one of the last of its kind since, under a new law, corporations are required to pay capital gains taxes on REIT spinoffs.
The short-haul carrier says bankruptcy will allow it to renegotiate agreements with the larger airlines for which it provides regional flights.
The company plans to lay off 3,000 workers this year, producing $300 million in savings by 2017.
As tempting as it can be to blame uncontrollable factors for variances to plan, effective leaders instead prepare for mitigating the impact.
Management review controls are often subjective, complex to analyze, and harder to audit than other kinds of financial information.
Released today, the standard setter’s updated accounting rule will require recognition of lease assets and liabilities.
Microsoft .NET developers will get a toolset to deliver cross-platform native mobile apps.
‘Accommodative monetary policy remains essential where inflation is still well below central banks’ targets,’ said the IMF.
Over the next year business opportunities will be ‘much worse than anticipated,’ executives reportedly wrote in a memo to employees.
The company has invested more than $3 billion in renewable energy projects in the United States.
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