GAAP Archives

4 steps to navigate FASB lease accounting changes

The U.S. and international accounting boards (FASB and IASB, respectively) have finalized new standards that will have a significant impact on how leases will be reflected in financial statements going forward. For the S&P 500 alone, this will be a $1.5 trillion event. Companies following GAAP or IFRS will be required tp adopt the standard… Read More →

Momentum builds to soften accounting standards for private companies

Financial Statements
by in Business News | Economy

Private companies say they need to stop being treated like public companies. And now the accounting world has begun to listen to their complaints. The debate about whether to soften accounting standards for private companies has gone on for years, but this time it seems to be moving toward action, although slowly. But this past… Read More →