FASB 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...
Pandemic 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 fi...
Regulators 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 ...
The Year in Review: Accounting and Auditing
What a year. In 2019, we cheered as the U.S. captured another title in the women’s World Cup, watched in horror as Notre Dame burned, and, at long l...
FASB Aims to Ease LIBOR Phaseout
With the London Inter-bank Offered Rate (aka LIBOR) on its way out, U.S. companies are searching for off-ramps to shift to new lending benchmarks. The...
FASB Reality Check Produces Delays for New Accounting Standards
The Financial Accounting Standards Board (FASB) has learned some tough lessons in 2019 about the differences between pie-in-the-sky planning and on-th...