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Blog Author: Tim Seidel

5 Tips When Adopting The New Lease Standard

The Financial Accounting Standards Board (FASB) introduced Accounting Standards Codification (ASC) Topic 842, Leases, to provide more transparency and accountability in financial reporting. The standard requires lessees to recognize lease

The New Lease Accounting Standard Overview

In February 2016, the Financial Accounting Standards Board (FASB) issued the new standard on leases – Accounting Standards Update (ASU) 2016-02. After some delay, the adoption of the new lease

Revenue Recognition – A Five Step Approach

In May 2014, the FASB issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). Since then, there have also been several amendments to the ASU that