With the first year of the new lease accounting standards implementation complete, organizations find themselves at a critical juncture — the commencement of "day two" accounting. While the initial ...

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 ...

The Financial Accounting Standards Board issued a proposed accounting standards update Wednesday to improve accounting guidance for arrangements between entities under common control. The proposed ASU ...

With leases now being represented on the balance sheet, these agreements are a priority to the Office of Finance – this critical shift has provided businesses with an opportunity to get a handle on ...

The Accounting and Auditing Policy Committee (AAPC) of the Federal Accounting Standards Advisory Board (FASAB) released proposed updates to a technical release on leases. “Since the issuance of TR 20 ...

An Interview with Elena Moseyko Washington, D.C.–(Newsfile Corp. –) – In an exclusive interview with Xraised, Elena ...

FASB Accounting Standards Codification (ASC) Topic 842, Leases, issued in February 2016, marked a significant overhaul in the financial reporting of long-term leases. Its adoption created many ...

As we enter the final months of 2022, accounting departments should feel like they are crossing a new finish line. This year, many private companies had to adopt ASC 842, an accounting standard ...

Tesla, Inc. is scheduled to report its 2024 Q2 earnings on July 23. Its inventory buildup remains a key concern despite Q2's consensus-beating delivery data. Uncertainties around lease accounting ...

FinQuery, a leading provider of AI-powered accounting automation software, announced today that its lease accounting solution, LeaseQuery, earned the No. 1 position on G2’s Lease Accounting Software ...

This report is one of a series on the adjustments we make to convert GAAP data to economic earnings. Reported earnings don’t tell the whole story of a company’s profits. They are based on ...