Lease Accounting: What’s the Holdup?
"Many companies will likely struggle to be ready by the effective date” of the updated lease accounting standard, says a Deloitte executive.
FASB Leasing Tweak Offers ‘Big Relief’
Companies wouldn’t have to apply the new standard to 2017 and 2018 leasing results.
Do You Know Where Your Leases Are?
Complying with the new lease accounting standard will require collecting data from lease contracts across numerous locations and geographies.
Microsoft Scales Accounting Mountain
Microsoft adopts both the new revenue recognition and lease accounting standards early.
New Lease Accounting Rules Pose Challenges, Study Says
The standards take effect in a mere six quarters for public companies, but many have not yet begun, or only recently began, to assess what must be done.
Time to Prepare for Upcoming Accounting Rule Changes
Deadlines to comply with the new lease accounting and revenue recognition standards are coming up fast, and it is time to step up the compliance efforts.
Start Preparing Now for New Lease Accounting Rules
They don't take effect until 2019, but few leases will be grandfathered, so there will be an immediate bottom-line impact.
Accelerating IT Planning for Revenue Recognition Changes
The myriad of industry-specific guidance made the full automation of revenue accounting too unique and complex a problem for ERP vendors to solve.
Firms Slow to Implement New Revenue Standard
Less than 29% of corporate financial preparers polled by KPMG say their companies have a clear plan to make the change in revenue recognition.
Companies Should Update Lease Accounting Systems, Experts Advise
FASB’s vote to proceed with its new standard for reporting lease obligations starts the clock ticking.