Tag: FASB
SubscribeFASB Gives Issuers a Break on Tough Lease-Accounting Questions
As the pandemic keeps brick-and-mortar businesses shuttered across the country, landlords are giving concessions to retailers, restaurants and offices that have been closed through no fault of their own. That’s welcome news for tenants. But...
Read MorePandemic Raises Key Lease Accounting Issues
The changes to lease accounting that took effect in 2019 for large public companies culminated a protracted process that dramatically altered their financial reporting. Just a year later, the coronavirus is putting the new accounting standa...
Read MoreRegulators Getting Bad Vibes From Goodwill
The balance sheets of public companies currently hold $5.5 trillion in assets lumped under the heading of goodwill. The term, which connotes feelings of cheer and good tidings, is accounting speak for the difference between the purchase pri...
Read MoreFASB is Living in a Materiality World
You’d be forgiven if you confused the Financial Accounting Standards Board’s (FASB) latest announcement about its “conceptual framework” for a description of an upcoming TED Talk. That kind of jargon is popular with thought leaders and thin...
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