Accounting & Auditing Update

Amid technology challenges and minor changes to the pending new lease accounting rules, FASB is standing firm on the Jan. 1 effective date.

FASB has taken another step to make the adoption of the huge new standard on lease accounting a little simpler—this time for lessors.

FASB has reached some preliminary decisions about how it will revise rules on lease accounting and hedging to address implementation questions.

Companies still have a long way to go to be ready for new lease accounting rules that take effect in 2019, according to a recent KPMG poll.

FASB has finalized a change to the pending new lease accounting standard meant to make it easier for companies to transition to the new requirements.

The lease accounting standard is about to get easier to adopt when it takes effect in 2019, but that doesn’t mean companies should slow their preparations.

FASB is proposing new clarifications to its previously issued standards on the recognition and measurement of financial instruments and on leases.

In a pair of updates to accounting standards, the FASB is looking to shore up differences in how companies account for stock compensation and service concession arrangements.