Lease Accounting Post-Adoption
Many companies used brute force to meet the initial lease accounting deadlines. To comply long term, they will need processes, policies, and controls.
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.
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.
In Accounting Swan Song, SEC’s White Urges Convergence
Outgoing SEC Commissioner Mary Jo White encourages FASB and IASB to continue collaboration.
FASB Leasing Update: Five CFO Action Items
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.
New Lease Standards May Demand Two Sets of Books
The just released IASB lease accounting standard and its forthcoming FASB counterpart call for different expense accounting methods.
The Struggle to Simplify Accounting
Companies just don’t want to give up the flexibility to manage financial reporting that's provided by the complexity of accounting standards.
The Split Over Convergence
FASB and the IASB back away from the goal of a single global accounting language.
IASB Goes Its Own Way on Lease Accounting
The global accounting standards setter rejects FASB's dual model for reporting leases, putting another nail in the coffin of convergence.
The Path of Lease Resistance
Many CFOs agree that companies should put leases on the balance sheet. But the 'how' has them up in arms.
Private Companies Gain GAAP Exceptions
Final rules on two items in the FASB private-company framework — accounting for goodwill and interest-rate swaps — are due by December 31.