Financial Statement Audits under ASC 842: Planning

Financial Statement Audits under ASC 842: Planning

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...
GASB Lease Accounting Transition Examples

GASB Lease Accounting Transition Examples

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...
GASB 13: A Comprehensive Example

GASB 13: A Comprehensive Example

Similar to the FASB and IASB, the Governmental Accounting Standards Board released guidance updating the accounting for lease agreements. GASB No. 87, Leases, is effective for applicable governmental entities for reporting periods that begin subsequent to December 15,...