FASB Issues Guidance on Common Control Leases

…Update (“ASU”) of the year, ASU 2023-01 Leases (Topic 842): Common Control Arrangements. The new standard provides non-public entities additional guidance around leases with related parties. Overview The new ASU…

FASB finalizes its standard on lease accounting

…lease and revenue recognition standards for certain entities. FASB Releases Lease Accounting Standard The FASB finalized its standard on lease accounting on February 25, 2016. As anticipated the new standard…

FASB Reissues Targeted Improvements to Leases Standard

…Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 842, Leases, was issued in February 2016. Much of the time required for its implementation is being spent gathering the…

New Lease Requirements for Construction Companies

…not vary significantly from other operating leases, i.e., expensed as incurred. Common areas of embedded leases may include an of the following arrangements: information technology contracts, cable and satellite services,…

How is the Private Company Council doing so far?

…For additional information on any current or upcoming PCC project, visit www.FASB.org or contact one of our financial reporting specialists at Keiter | Email | 804.747.0000. ………… Sources http://www.fasb.org/jsp/FASB/Page/LandingPage&cid=1351027242894 http://www.fasb.org/cs/ContentServer?c=Document_C&pagename=FASB%2FDocument_C%2FDocumentPage&cid=1176166917478…


Contact Us