by Kiley Arnold | Aug 17, 2020
When the FASB released its new lease accounting standard in 2016, and GASB in 2017, lease accounting was revolutionized. Hailed as one of the biggest changes to accounting in decades, it quickly became clear that the impact on the balance sheet would be significant....
by Kiley Arnold | Aug 7, 2020
What is the equity method of accounting? When do you apply the equity method? How do you determine if the equity method is applicable? Accounting for an equity method investment Required disclosures An example of accounting for an investment using the equity method...
by Kiley Arnold | Jul 31, 2020
Understanding IRS Section 179 Understanding Section 179 and bonus depreciation How IRS 179 affects lease vs. buy considerations How new lease guidance affects lease vs. buy decisions Getting it right with a collaborative decision-making process Related articles...
by Kiley Arnold | Jun 25, 2020
Will I need to impair my assets due to COVID-19? What is an impairment? Do you have impairment indicators? Is your asset recoverable? How do I calculate impairment? Related articles Will I need to impair my assets due to COVID-19? Depending on your...
