Apex Tool Group implemented Visual Lease’s software to streamline its ASC 842 lease accounting compliance, simplify the consolidation of its leases and serve as a repository to help with its lease portfolio management. read more

JUL 10, 2020 - 6:40 am

The FFIEC highlighted potential risks from the transition away from LIBOR and encouraged supervised institutions to continue their efforts to transition to alternative reference rates. read more

JUL 2, 2020 - 6:24 am

Visual Lease released 20.2, providing expanded lease accounting and reporting capabilities for global and national companies required to comply with GASB 87 and FASB 842. read more

JUN 26, 2020 - 6:37 am

Insight Financial Services successfully completed the Service Organization Control 1 Type 2 Audit for the fifth consecutive year. read more

JUN 23, 2020 - 6:43 am

The FASB issued an Accounting Standards Update that grants a one-year effective date delay for certain companies and organizations applying the revenue recognition and leases guidance. read more

JUN 4, 2020 - 6:47 am

ELFA’s webinar addressed modification accounting, application of FASB COVID-19 related relief and operational considerations when modifying contracts. read more

JUN 3, 2020 - 6:50 am

The Wall Street Journal reported that the FASB extended the time to implement new accounting rules for some private companies and non-profits. read more

MAY 21, 2020 - 6:40 am

The FAF Board of Trustees adopted improvements to the Post-Implementation Review process for new accounting standards created by the FASB and GASB. read more

MAY 14, 2020 - 6:25 am

The American Institute of CPAs offered firm-lender relationship recommendations related to CPA firms assisting clients in the Paycheck Protection Program. read more

APR 24, 2020 - 6:25 am

The Financial Accounting Standards Board staff issued a Q&A document to address stakeholder questions on the application of the lease accounting guidance for concessions related to COVID-19. read more

APR 13, 2020 - 6:30 am

The President & CEO of AICPA applauded the Treasury and Internal Revenue Service for extending all tax-related filing and payment deadlines due between April 1 and July 15. read more

APR 13, 2020 - 6:25 am

FASB will issue a proposal to provide certain private companies and not-for-profit organizations with an optional, one-year effective date delay of the leases standard. read more

APR 9, 2020 - 6:40 am

The federal bank regulatory agencies announced an optional extension of the regulatory capital transition for the new credit loss accounting standard. read more

MAR 30, 2020 - 6:40 am

John Bober, chair of the Equipment Leasing and Finance Association’s Financial Accounting Committee, provided a list of resources available regarding COVID-19’s impact on financial reporting. read more

MAR 27, 2020 - 6:50 am

Bloomberg Tax & Accounting released a new set of workflow tools designed to help practitioners save time by getting them to the information they need faster. read more

MAR 27, 2020 - 6:29 am