…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…
…leases (such as office equipment) but use an incremental borrowing rate for larger leases (such as buildings). This update comes a day after the FASB confirmed its commitment to the…
Changes coming to US accounting standards? The Financial Accounting Standards Board (“FASB”) has a significant purview, overseeing the establishment of financial accounting and reporting standards for public and private companies…
…leases for your company? Contact us. We can help. Email | 804.747.0000 More on this topic: Accounting for Office Leases under ASC 842 Delay in Implementation of New Lease Standard?…
…of these potential impacts or to assist with implementation for your company. Additional ASC 842 Resources: Accounting for Office Leases under ASC 842 FASB Reissues Targeted Improvements to Leases Standard…
…project was removed from the FASB’s agenda. For more information, please visit the FASB webpage. Questions on this topic? Contact your Keiter representative or information@keitercpa.com | 804.747.0000 ……………………. Resources: FASB…
…amortize the lease liability. Finance leases will include components of amortization expense and interest expense; operating leases will only include “lease” expense. ASC 842 Key Terms and Caveats Specifically identified…
By Colin Hannifin, Business Assurance & Advisory Services Manager FASB to Propose Delay of Implementation of Lease Standard due to Coronavirus (COVID-19) Update: On Wednesday, June 3, 2020, the Financial…
…the changes, the FASB has outlined those changes here. The Keiter Financial Services Industry team closely monitors FASB regulation changes to keep you updated and informed. If you have any…
…the new revenue recognition standard. Article 3 in a 3 part series Adopting the new revenue recognition standard, FASB ASC 606 – Revenue from Contracts with Customers, may pose numerous…
…part series Adopting the new revenue recognition standard, FASB ASC 606 – Revenue from Contracts with Customers, may pose numerous challenges for engineering and construction contractors. To assist you in…
In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). The new standard significantly changes the accounting and reporting requirements for leases….