Many companies are not complying with the Financial Accounting Standards Board’s (FASB) new standard (ASU 2016-02) for reporting operating lease assets and liabilities on the balance sheet. This ...
Nearly 400 S&P 500 companies have transitioned to the new lease accounting standard within the first six months of the initial effective date for public companies, and together the companies reported ...
The Securities and Exchange Commission issued an advisory Friday about how filers are using the wrong XBRL tags for reporting their finance lease liability and future payments. Staff members in the ...
In February of 2016, the Financial Accounting Standards Board (FASB) issued the Accounting Standards Update (ASU) 2016-02, Leases, which significantly changes the way leases are accounted for on the ...
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