Rochester Institute of Technology adopted the Financial Accounting Standards Board (FASB) new accounting guidance on leases FASB Accounting Standards Codification Section 842 ("ASC 842") on July 1, ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Accounting for leases requires lessees to record on their ...

The new standard requiring all leases longer than 12 months to be recorded on balance sheets is now in effect for nonpublic companies with a fiscal year beginning after Dec. 15, 2021. Processing ...

Lease accounting is becoming more complex and detailed for private companies and not-for-profit entities. Business valuations may also be impacted by the new standard. Effective in fiscal years ...

Private companies in the U.S. are still adjusting to the lease accounting standard that took effect last year, even as international standard-setters are proposing new rules for the public sector.

The March 6 installment of the AICPA’s monthly A&A Focus Series webcast updated members on critical accounting, auditing, and assurance issues. Hosted by Carl Mayes, CPA, vice president–Audit and ...

As we enter the final months of 2022, accounting departments should feel like they are crossing a new finish line. This year, many private companies had to adopt ASC 842, an accounting standard ...

ATLANTA--(BUSINESS WIRE)--In an innovative step forward for lease accounting, FinQuery, formerly LeaseQuery, announces the launch of its first-to-market automated catch-up functionality, ...

In 2016, the U.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued new directives on how issuers should account for and disclose operating ...

NEW YORK — When it comes to accounting for leases, the loopholes are gone, thanks to a group of bean counters who urged the Securities and Exchange Commission to clarify the rules. The clarification ...

This report is one of a series on the adjustments we make to convert GAAP data to economic earnings. Reported earnings don’t tell the whole story of a company’s profits. They are based on ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in ...