See the new 2017 FASB updates and how they affect your clients.
The FASB standards are intended to promote financial reporting, providing useful information to investors and others who use financial reports. Key developments, such as lease accounting changes and updates, will have a wide impact on businesses. Accounting professionals are frequently their client's news source for these updates.
If you have clients who issue GAAP-basis financials or are nonprofit organizations, big changes in lease accounting are on the way.
In response to complaints about the resources and effort required to comply with the new lease standards, FASB announced simplifications that will make compliance easier and less costly.
Stay informed on the latest trends in industry revenue recognition.
Learn more about FASB's new revenue recognition standard (ASC 606).
As your clients' trusted advisor, getting their books in line and providing powerful solutions must be top of mind. When it comes to FASB’s new revenue recognition standard (ASC 606), you'll have to weed through complex issues and make important decisions for your clients. Get advice here.
With FASB's changes to the lease accounting standards being so complex, it's on you - as your clients' trusted advisor - to implement these standards as soon as possible and get them the solutions they need for financial reporting.
FASB’s new lease accounting standard, ASC 842, is intended to provide a more accurate view of the contractual liabilities a company may have.