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Now Is The Time To Focus On Lease Accounting Implementation
One positive outcome from the fallout of the global pandemic COVID-19 was the Financial Accounting Standards Board (FASB) decision to delay Accounting Standard Codification (ASC) 842, Leases, for privately held […]
COVID-19: Accounting for Lease Concessions
Article written by: Dustin Minton, CPA, MBA Director, Assurance & Business Advisory Services In April 2020, during the midst of the pandemic, the Financial Accounting Standards Board (FASB) issued […]
FASB Issues ASU Deferring Revenue Recognition and Leases Standards
Article written by: Jeff Harden, CPA Director, Assurance & Business Advisory Services On June 3, 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-05, which […]
Have You Started To Implement The New Lease Accounting Guidance?
Article written by: Dustin Minton Director, Restaurant Services With 2019 closed out, it is time to face the inevitable of Lease Accounting under ASC 842. We were given a one-year […]
Get Ready For The New Lease Standard
A new accounting rule for reporting leases goes into effect in 2019 for public companies. Although private companies have been granted a one-year reprieve, no business should wait until the […]