The standard would be effective for fiscal years beginning after December 15, 2021. On April 8, 2020, the FASB issued a proposal to defer the effective date for ASU 2016-02, Leases, and...
Continue ReadingWe have implemented a phased approach for returning to our offices that allows us to modify our approach to service delivery as situations change without any service disruptions. In the meantime and in the interest of public health and the safety of our community, our teams will continue working remotely whenever possible to provide the same high-quality service you have come to expect. Utilizing state-of-the-art technology, we are committed to meeting all of your assurance, tax, and advisory needs to help you navigate a business environment filled with challenges and opportunities. To discuss a specific need that can’t be handled remotely, please contact your Freed Maxick representative directly.
The standard would be effective for fiscal years beginning after December 15, 2021. On April 8, 2020, the FASB issued a proposal to defer the effective date for ASU 2016-02, Leases, and...
Continue ReadingCompanies who do business in industries like construction, manufacturing and real estate are heavily impacted by the new revenue recognition rules imposed by the Financial Accounting...
Continue ReadingMany Companies Still Face Significant Lease Accounting Challenges The Financial Accounting Standards Board (FASB) has finalized a one-year delay in the effective date of ASU 842 Leases for...
Continue ReadingFinancial Accounting Standards Board’s (FASB’s) new lease accounting standard ASC 842 may require new software for management and reporting purposes Private entities got some relief from...
Continue ReadingUnderstand and consider the different options available as you review your leases, but… Private entities subject to the Financial Accounting Standards Board’s (FASB’s) new lease accounting...
Continue ReadingRequirements of GASB Statement No. 87, Leases The Governmental Accounting Standards Board (GASB) has issued an Implementation Guide to help clarify, explain and elaborate on the...
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