Work to adopt the mandatory GASB lease accounting standard has not begun for half of those employed in state and local governments (51.4%) and public higher education institutions (50%), per a Deloitte poll. read more

MAR 25, 2020 - 6:25 am

The Wall Street Journal reported that FDIC Chairman Jelena McWilliams has asked FASB to defer CECL implementation for large public lenders. The Journal noted that McWilliams advocated for large lenders to have the option to use the old model of... read more

MAR 20, 2020 - 6:45 am

The Financial Accounting Standards Board issued an Accounting Standards Update that provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. read more

MAR 13, 2020 - 6:50 am

The Financial Accounting Standards Board postponed the date of its public roundtable discussion on the implementation of its accounting standard on leases. read more

MAR 13, 2020 - 6:30 am

The FASB issued an Accounting Standards Update that makes narrow-scope improvements to various aspects of the financial instruments guidance. read more

MAR 10, 2020 - 5:25 am

The Financial Accounting Standards Board scheduled a public roundtable discussion on April 9 to discuss the implementation of its accounting standard on leases. read more

MAR 6, 2020 - 6:30 am

The Wall Street Journal reported that the coronavirus could affect the way U.S. companies comply with CECL. read more

MAR 5, 2020 - 6:35 am

Implementation of the new lease accounting standard has led to average balance sheet lease liability increases of 1,475%, according to new research from lease accounting technology provider, LeaseQuery. read more

FEB 19, 2020 - 5:40 am

LeaseAccelerator released the results of a research study on the use of lease accounting centers of excellence by public companies that have adopted ASC 842. read more

FEB 7, 2020 - 6:30 am

The FASB issued an accounting standards update that clarified the interaction between accounting standards related to equity securities, equity method investments, and certain derivatives. read more

JAN 21, 2020 - 6:25 am

LeaseQuery extended its partnership with RSM. The companies will work with commercial and government organizations to facilitate lease accounting compliance. read more

JAN 20, 2020 - 6:40 am

The Wall Street Journal reported that a house subcommittee interrogated FASB Chairman Russell Golden on the credit-loss standard’s potential impact on the economy. read more

JAN 16, 2020 - 6:35 am

The Wall Street Journal reported that the Financial Accounting Standards Board will focus on two issues in 2020: differentiating liabilities from equity and improving the measurement of goodwill. read more

DEC 30, 2019 - 6:45 am

LeaseAccelerator announced that its latest release includes full support for the GASB 87 lease accounting standard.  read more

DEC 26, 2019 - 6:40 am

FASB has released the 2020 GAAP Financial Reporting Taxonomy, the 2020 SEC Reporting Taxonomy, and the new 2020 XBRL US DQC Rules Taxonomy (DQCRT). read more

DEC 26, 2019 - 6:30 am