The FASB’s new lease accounting standard might not arrive until 2019, but your company has no time to lose to get in compliance. Recent research indicates that a lot of your peers have serious work to do.
International Accounting Standards Board (IASB)
The Financial Accounting Standards Board (FASB) recently issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions.
Well it certainly took them long enough! After years of proposals and revisions and discussions, FASB and the IASB have finally issued the long-awaited revenue recognition standard.
OK, so IT gripes about every department. But there are some finance-specific bugaboos that really get their goat.
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