New Lease Accounting May Favor IFRS Filers
Image: New standards on accounting for leases are likely to be more flattering to the bottom lines of companies that use international accounting standards rather than U.S. GAAP, the International Accounting Standards Board said recently. Beth Paul, a partner with PwC, said during a webcast that the key difference will ...
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Little to Fear in New World of Lease Accounting
Accounting for leases is about to undergo a profound change, thanks to a new standard adopted by accounting rulemakers in the United States and overseas. The new standard has its critics; in a special guest column this week, Gary Kabureck—former chief accounting officer of Xerox, now a member of the ...
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Lease Modifications Trigger New Headaches
Image: Beware when negotiating with your landlord: Accountants are noticing an uptick in lease modifications and are warning companies to heed the accounting and financial reporting consequences. The nuances of lease accounting are many and even trip up large retailers. That can be especially true when your lease negotiators are ...
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News BriefPCAOB chair Williams latest independent official pushed out by Trump
Continuing a Trump administration practice of firing independent regulators, the head of the Public Accounting Oversight Board has been sent packing.