COVID-19-related loan modifications may be exempt from the complex accounting rules for troubled debt restructurings, if certain conditions are met.Read More
Archive for the ‘Accounting Standards’ Category
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Reporting Discontinued Operations
Many businesses have undergone strategic shifts during the pandemic–ensure that change is within the scope of accounting rules for discontinued operations.Read More
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Levels of Assurance: Choosing the Right Option for Your Business Today
Here are some important factors to consider when evaluating whether your company’s current level of assurance is the best option.Read More
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Reporting Embedded Leases
Your supply and service contracts may contain hidden surprises known as “embedded” leases. Here’s the updated guidance for reporting these leasesRead More
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Businesses: Get Ready for the New Form 1099-NEC
A tax form that used to be filed back in the 1980s is coming back for 2020: Form 1099-NEC. Here’s what businesses need to know.Read More
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The Untouchables: Getting a Handle on Intangibles
The average company’s balance sheet understates its value by 80%, according to Sarah Tomolonius, co-founder of the Sustainability Investment Leadership Council. Why? Intangible assets aren’t recorded on…Read More
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Lease Accounting for Contractors: New Rules on the Way
It’s been 13 years since the Financial Accounting Standards Board (FASB) started overhauling its lease standard. For some time now, the new rules have been scheduled to…Read More
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Attention: Accounting Rule Delays in the Works
On July 17, the Financial Accounting Standards Board (FASB) voted to issue a proposal that would delay several landmark accounting rules for certain companies. If finalized, the…Read More