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Topic: Lease Accounting Standards

New FASB Accounting Standards Update ASU 2023-01 Provides Practical Expedients for Leases Under Common Control

The Financial Accounting Standards Board (FASB) recently issued its first Accounting Standards Update (ASU) of 2023, which focuses on leases, specifically common control arrangements....

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Lease Accounting Software: Is it the Right Fit for Your Business?

Using Excel or any other spreadsheet may seem like the easiest path to managing your company’s lease portfolio, however, that may not necessarily be the case, especially at a time when...

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Getting Started with Leases

By now, almost all of us have heard about the new accounting lease standards (ASC 842 / GASB 87 / IFRS 16), but are you ready for your year-end reporting? Join Freed Maxick for a one-hour...

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Tax Effects of Intercompany Asset Sales: FASB's New Financial Reporting Requirements
By Freed Maxick Tax Team on January 10, 2017

ASU 2016-16 Adds Transparency and Simplifies Reporting The presently prescribed method of accounting for income taxes on the sale of assets between affiliated companies (intra-entity...

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