Accounting Today

Best practices for implementing the new lease accounting standard

The new standard requiring all leases longer than 12 months to be recorded on balance sheets is now in effect for nonpublic companies with a fiscal year beginning after Dec. 15, 2021. Processing ...
Rochester Institute of Technology

Lease Classification and Accounting

Rochester Institute of Technology adopted the Financial Accounting Standards Board (FASB) new accounting guidance on leases FASB Accounting Standards Codification Section 842 ("ASC 842") on July 1, ...
The Business Journals

Long-awaited lease accounting standard for private companies is finally here

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The Financial Accounting Standards Board’s (FASB’s) new ...
Accounting Today

GASB proposes rules for disclosing and classifying gov't capital assets

The Governmental Accounting Standards Board floated a proposal Thursday to set requirements for some types of capital assets to be disclosed separately by state and local governments for purposes of ...
Nature

Governmental Accounting and Capital Management

Governmental accounting and capital management represent critical areas of public financial administration, focused on the systematic tracking, reporting and strategic oversight of capital assets and ...
Reuters

Rulemakers plan global overhaul of lease accounting

NEW YORK (Reuters) - U.S. and international accounting rule makers are planning to propose an overhaul of lease accounting as soon as Tuesday, in a move expected to affect some $1.2 trillion in leased ...