Power and Utilities Sector asks FASB to Fix Rules for Construction Costs tied to Leases
The power and utilities sector has asked the FASB to address a narrow reporting issue involving the costs around the …
The Accountants Weigh in: Savvy Businesses Can Successfully Navigate This Year’s Economic Stresses
In the past three years, seven U.S. banks failed. These include Silicon Valley Bank, Signature Bank and First Republic Bank …
New FASB Accounting Rules Issued for Leases Between Related Businesses with a Common Owner
As expected, the FASB on March 27, 2023, published narrowly drawn amendments to lease accounting rules that clarify issues that …
FASB Proposes to Clarify Lease Accounting Rules for Subsidiaries Controlled by the Same Parent Company
The FASB on Nov. 30, 2022, proposed what could be the eighth round of changes to lease accounting rules, this …
Not Always Necessary to Buy Software to Adopt Lease Accounting Rules, FASB Panel Signals
Not all companies need lease accounting software or vendor assistance to adopt the lease accounting standard because straightforward contracts can …
As Clock Ticks Toward Leases Effective Date, Companies Scramble to Comply
As the 2019 deadline for public companies to comply with the FASB’s lease accounting standard creeps closer, public companies are …
Difference Between Leases and Service Contracts Becomes Clearer
The FASB and IASB agreed to clarify the difference between a lease and a service contract but have yet to …