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News Stories (26 Results) - Accounting Standards Update

The Financial Accounting Standards Board (FASB) approved an Accounting Standards Update (ASU) to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, reference rate reform on financial... Read Story
November 14, 2019, 07:05 AM

The Financial Accounting Standards Board has extended the implementation deadline for several accounting standards, giving many U.S. companies additional time to prepare, the Wall Street Journal reported.FASB on Wednesday approved its proposals for... Read Story
October 17, 2019, 07:20 AM

The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would grant private companies, not-for-profit organizations and certain small public companies additional time to implement FASB standards on... Read Story
August 16, 2019, 07:30 AM

The Financial Accounting Standards Board plans to propose delaying effective dates for four key standards for certain groups of financial statement preparers after a series of votes taken at a board meeting last week, according to the Journal of... Read Story
July 23, 2019, 07:20 AM

The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would address issues raised by stakeholders during the implementation of Accounting Standards Update No. 2016-13, Financial Instruments—Credit... Read Story
June 28, 2019, 07:24 AM

LeaseAccelerator released a new report analyzing the financial reports and disclosures of S&P 500 companies that have adopted the new lease accounting standards. Reporting a collective total of $503 billion in operating lease liabilities and $69... Read Story
June 26, 2019, 06:30 AM

As U.S. finance companies prepare for major changes in accounting requirements for calculating credit losses, they can benefit from hard lessons learned by international equipment finance businesses that have already tackled similar new standards... Read Story
April 30, 2019, 07:17 AM

LeaseAccelerator announced the results of the its third annual Progress Report on ASC 842, which focuses exclusively on U.S.-based private companies and their readiness for the new lease accounting standards. The deadline for most U.S.-based private... Read Story
April 11, 2019, 07:20 AM

Nearly half of public company executives see no slowdown ahead in the time and effort to be spent on compliance with the new lease accounting standards issued by the Financial Accounting Standards Board and the International Accounting Standards... Read Story
April 02, 2019, 07:20 AM

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that addresses two lessor implementation issues and clarifies that lessees and lessors are exempt from a certain interim disclosure requirement associated... Read Story
March 07, 2019, 07:15 AM

LeaseAccelerator has developed a testing application called the Lease Accounting Validator that automates the testing of leases under the new ASC 842 and IFRS 16 standards, as well as frozen GAAP. With the initial deadlines passed on Jan. 1, public... Read Story
February 08, 2019, 07:15 AM

LeaseQuery announced another year of record growth in 2018, with its year-over-year revenue growth reaching 708 percent. The company’s extraordinary growth was propelled by the timeliness of LeaseQuery’s solution, as companies prepare to comply with... Read Story
January 24, 2019, 07:00 AM

LeaseAccelerator announced that more than 50 Oracle-centric companies have selected its SaaS application to comply with the new IFRS 16 and ASC 842 standards. LeaseAccelerator offers a global lease accounting engine and dedicated subledger that can... Read Story
January 21, 2019, 07:10 AM

New standards for lease accounting became effective on Jan. 1 for companies with calendar year ends – but research from KPMG shows that some organizations have fallen behind with their projects and will now be using interim solutions to enable... Read Story
January 11, 2019, 07:25 AM

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) expected to reduce lessor’s implementation and ongoing costs associated with applying the new leases standard. The ASU also clarifies a specific lessor... Read Story
December 12, 2018, 07:19 AM

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that amends the transition requirements and scope of the credit losses standard issued in 2016. “Since issuing the credit losses standard, the FASB staff... Read Story
November 19, 2018, 07:00 AM

Fleet Advantage President and Chief Financial Officer Brian Holland, is presenting at this year’s Equipment Leasing and Finance Association’s (ELFA) 57th Annual Convention in Phoenix. Holland is addressing the Tax Reform and FASB accounting changes... Read Story
October 16, 2018, 07:05 AM

LeaseAccelerator has published a 90-Day Countdown Checklist for project teams in the final stages of preparing for the new lease accounting standards. One of the biggest accounting changes ever, the new ASC 842 and IFRS 16 standards will see almost... Read Story
October 09, 2018, 07:05 AM

The Equipment Leasing and Finance Association in September filed a formal Comment Letter with The Financial Accounting Standards Board on proposed amendments to the new lease accounting standard.  The Proposed Accounting Standards Update, Leases... Read Story
September 12, 2018, 07:03 AM

The Financial Accounting Standards Board (FASB) issued a proposal that would reduce costs and ease implementation of the Leases standard for financial statement preparers. The proposal would also clarify a specific requirement in the standard related... Read Story
August 14, 2018, 07:20 AM

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that reduces costs and eases implementation of the leases standard for financial statement preparers. “The targeted improvements in the ASU address areas our... Read Story
July 31, 2018, 07:17 AM

LeaseAccelerator announced national consulting and talent solutions firm, Vaco, has joined its global alliance program. The new alliance will help companies accelerate adoption of the new lease accounting standards, ASC 842 and IFRS 16. The new... Read Story
June 13, 2018, 07:10 AM

PowerPlan, a lease accounting software firm, has announced a strategic technology partnership with LEVERTON, an AI-based document and data abstraction platform. The partnership, which involves the product integration of PowerPlan and LEVERTON, allows... Read Story
June 01, 2018, 07:00 AM

Although the deadlines to adopt the Financial Accounting Standards Board's new lease accounting standard draw closer, many firms have yet to approach the starting line. A Robert Half and Protiviti survey of finance leaders found 44 percent of... Read Story
May 25, 2018, 07:15 AM

BDO USA, LLP, one of the nation’s leading accounting and consulting organizations, and CoStar Real Estate Manager, a division of CoStar Group, Inc. and a leading lease management software provider, announced a strategic alliance under which BDO and... Read Story
November 02, 2016, 07:07 AM

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that improves financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and... Read Story
June 22, 2016, 07:15 AM