Posts Tagged ‘lease accounting’
Relief on Covid-19 Lease Accounting Burdens
Good news for financial reporting and corporate disclosure folks: the Financial Accounting Standards Board says companies do not need to go through a potentially mind-numbing examination of how the accounting for operating leases might change due to Covid-19. The guidance came from FASB on Friday. It says that companies do not need to account for…
Read MorePodcast: Lease Accounting Compliance Update
Confession: I love the new accounting standard for companies to report their costs for leases. Not so much because I applaud what the standard tries to accomplish (although I support that too) but rather, because implementation of the standard demonstrates so many compliance and internal control headaches today. Hear me out. The new standard —…
Read MoreThoughts on Changes to Lease Accounting
Today we pivot back to financial reporting, and the impending new rule on accounting for lease expenses. That rule is coming into effect at the end of this year, and the more you study it, the more implications emerge — for everything from accounting and audit functions, to document management systems, and even incentive compensation.…
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