by Jason Parker | Sep 20, 2020
1. GASB 87 vs. the current guidance: Key differences 2. Scope of the new GASB lease accounting standard 3. Example: Accounting for a lease under GASB 87 with Excel 4. Five more articles to help prepare for the effective date GASB Lease Accounting Transition Examples...
by Jason Parker | Jul 16, 2020
1. Why the new standards pose major challenges 2. The impact of failing to comply 3. Why the boards updated the standards How ASC 842 and IFRS 16 will improve financial reporting: 4. Regulation timeline 5. Lessee accounting: What has changed? Lease accounting under...
by Jason Parker | Mar 12, 2020
Private organizations are moving closer to the required adoption date for ASC 842, Leases. The highly publicized lease accounting transition to ASC 842 will, qualitatively and quantitatively, impact a company’s financial statements in a significant manner. When...
by Jason Parker | Feb 14, 2020
To terminate a lease is to cancel the agreement before the end of the specified lease term. Many lease agreements may include an option for either lessees or lessors to terminate the agreement prior to the end of the original lease term. Lease termination options can...
by Jason Parker | Sep 27, 2019
The new lease accounting standard for governmental organizations, GASB Statement No. 87, goes into effect for all reporting periods that begin subsequent to December 15, 2019. Just over a month ago, GASB released the final implementation guide to provide additional...
