The Financial Accounting Standards Board and its sister organization are working jointly on reviewing changes to the current U.S. Financial Accounting Standards 13 and International Accounting ...

FASB's new standards for revenue recognition and lease accounting have significantly changed the accounting for these popular transactions.

Public companies’ required implementation of FASB’s new lease accounting standard in 2019 means that financial statement auditors need to be prepared to make new judgments. Although the private ...

FASB also agreed with taking an overall approach to generally apply the finance lease model in International Accounting Standard 17, "Leases," adapted where necessary for all leases. The move is the ...

Adopting the new standards is not a final destination; it’s really the first step toward maintaining confident lease accounting compliance.

Home Kiplinger Advisor Collective How Artificial Intelligence Can Help Lease Accounting AI will play an important role in successfully implementing the ASC 842 lease accounting standard.

Credit Suisse Group analysts in a report said new lease accounting rules have resulted in potentially misleading data feeds, inconsistent financial reporting and other discrepancies that could ...

New lease accounting standard ASC 842 requires businesses to represent their real estate and equipment leases on their balance sheet. While this may sound like a simple process, it’s actually ...