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Tag: FASB

Office for lease

SEC Exercises Patience in Enforcing New Lease Accounting Standard

Office for lease

Parents have an instinctive sense of which household rules to enforce ruthlessly (“don’t lie” comes to mind), and which to be more lenient with (curfews, maybe). As it turns out, the same can be said of the Securities and Exchange Commissio...

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The State of COVID-19 Disclosure, Part II: Going Concern

Two weeks ago, the SEC urged public companies to speak frankly to investors about how the pandemic is impacting their financial health. The SEC even included a helpful guide, listing topics that issuers’ disclosures should cover. Those topi...

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EGCs Say Not So FASB on New Lease Standard

You’ve been worried about facemasks. You’ve been worried about antibody tests. You’ve been worried about whether your seventh grader’s brain is atrophying, and also why her school district is sending so very many emails. The last thing you...

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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 that have been closed through no fault of their own. That’s welcome news for tenants. But...

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Pandemic Raises Key Lease Accounting Issues

Pandemic Raises Key Lease Accounting Issues

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 financial reporting. Just a year later, the coronavirus is putting the new accounting standa...

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