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Blog Author: Tim Seidel

Part I: 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