FASB alters accounting for certain leases with variable lease payments
FASB recently issued a standard that is designed to improve the board’s lease accounting rules related to a lessor’s accounting for certain leases with variable lease payments. read more Journal of Accountancy
FASB proposal addresses fair value and equity security sale restrictions
FASB is proposing a clarification to U.S. GAAP that would explain that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the security and therefore is not considered in measuring fair value. read more Journal of Accountancy
Lease accounting: Private companies on the clock after delay
In early 2020, the COVID-19 pandemic added another element of business disruption for organizations to manage while the effective dates to comply for FASB’s new lease accounting standards were quickly approaching. read more Journal of Accountancy
EBP audits set for major changes, more transparency
Employee benefit plan (EBP) audits and reporting will be quite different in the near future as changes in generally accepted auditing standards take effect. read more Journal of Accountancy
5 steps to successful ESG reporting
As investor demands and regulatory requirements lead towards more disclosure of environmental, social, and governance (ESG) data, company leaders are faced with difficult decisions. read more Financial Management