The Wall Street Journal reported that the International Accounting Standards Board proposed a new rule that would change how companies report and explain profit. read more

DEC 23, 2019 - 5:40 am

The Board of Trustees of the Financial Accounting Foundation appointed Richard R. Jones as the next chair of the Financial Accounting Standards Board. read more

DEC 20, 2019 - 5:45 am

LeaseAccelerator released an analysis of SEC Comment Letters related to ASC 842 lease accounting and disclosures. read more

DEC 11, 2019 - 6:30 am

Lease accounting software provider LeaseQuery completed a System and Organization Controls (SOC) 1 Type 2 assessment performed by a Big 4 auditor. read more

DEC 4, 2019 - 6:30 am

The FASB issued an ASU that addresses issues raised by stakeholders during the implementation of an Accounting Standards Update regarding the measurement of credit losses on financial instruments. read more

NOV 27, 2019 - 6:15 am

Shawn Halladay, managing director of the Professional Development Practice at The Alta Group, has released a new textbook on lease accounting, Accounting for Leases: Embracing the New Paradigm. read more

NOV 20, 2019 - 6:35 am

The FASB issued two ASUs that finalize various effective date delays for standards on current expected credit losses, leases, hedging and long-duration insurance contracts. read more

NOV 18, 2019 - 6:50 am

The FASB approved an ASU to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, reference rate reform on financial reporting. read more

NOV 14, 2019 - 6:55 am

Goldman Sachs’ Merchant Banking Division invested $40 million in Series A funding in lease accounting software provider LeaseQuery. read more

NOV 12, 2019 - 6:30 am

The Financial Accounting Standards Board appointed Aleks Zabreyko to its Emerging Issues Task Force, effective immediately. read more

NOV 7, 2019 - 6:25 am

The FASB approved its August 2019 proposal to grant private companies, non-profits and certain small public companies various effective date delays on its credit losses, leases, and hedging standards. read more

OCT 21, 2019 - 6:25 am

Just 26.3% of public company executives report that their implementation of the FASB and IASB lease accounting standards is complete, according to a June 2019 Deloitte poll. read more

SEP 19, 2019 - 6:20 am

The FASB is seeking public comments on a proposal that would grant certain private companies and organizations more time to implement FASB standards on current expected credit losses, leases and hedging. read more

AUG 16, 2019 - 6:25 am

Clearlink Partners joined the global alliance program of LeaseAccelerator. Clearlink is an independent professional services firm which provides project-based engagements for ASC 842 and GASB 87 compliance. read more

AUG 15, 2019 - 6:40 am

The Wall Street Journal reported that the FASB has proposed to extend by three years the implementation deadline of CECL for small public lenders, private lenders and nonprofits. read more

JUL 23, 2019 - 6:40 am