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Topic: Lease Accounting Standards

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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FASB Proposes Lease Standard Deferral
By Freed Maxick on April 8, 2020

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...

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The Clock is Ticking: Why Contractors Should Comply With FASB’s New Accounting Standards
By Tom Berical, CPA on December 9, 2019

Companies 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...

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ASC 842 Effective Date: FASB Finalizes Lease Accounting Extension for Private Companies
By Katy Al-Khalidi, CPA on October 17, 2019

Many 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...

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Lease Accounting Software Selection
By Katy Al-Khalidi, CPA on October 16, 2019

Financial 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...

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