Our Thoughts On Archive

FASB ASC Topic 842 Lease Accounting – How to Handle Legacy Deferred Rent Liabilities

Learn more about the handling of Legacy Deferred Rent Liabilities required under FASB ASC Topic 840 and what you should do with your deferred rent accounts.

IFRS Conversion Considerations: Inventory

Learn more about the inventory considerations to make when converting from US GAAP to IFRS.

Leases: While the standard is delayed, your analysis should not be!

Back in November 2019, the FASB issued Accounting Standards Update 2019-10: Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging

FASB Votes to Delay Leases, Hedging and CECL Effective Dates for Private Companies and Certain Other Entities

On Wednesday October 16, 2019, the FASB unanimously voted to delay the effective dates of three major Accounting Standards Updates (ASUs) for private companies

ASC 842 Expected to Impact Natural Resource Sector

Accounting Standard Codification (ASC) Topic 842 - Leases, the new FASB lease accounting standard aimed at closing a major concern of stakeholders in lease

Professional Service Firms - Are You Ready for the Implementation of the New Lease Standard? What Are the Five Key Questions to Ask?

Professional service firms will be required to adopt Accounting Standards Update (ASU) 2016-02 Topic 842 - Leases (ASU 2016-02) in the upcoming years.