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What is Sale and Leaseback?

A sale and leaseback transaction is when the seller of an asset becomes the lessee and the ...
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What is Capital Lease Accounting?

A change is coming to lease categorization, and it’s been a long time coming.
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Finance Leases vs Operating Leases: What’s the Difference?

The Financial Accounting Standards Board changed the lease accounting game forever when they ...
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Don't Delay, Start Preparing for the New Lease Standard Today

The Financial Accounting Standards Board met on November 10, 2021 and decided not to further ...
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Lessor vs Lessee: What’s the Difference?

Leases inherently require two parties in order to exist. One party leases their asset/assets to ...
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Key Takeaway from CPAmerica’s Leading Partner/Large Firm Group Meeting

How are you helping your clients implement the new lease accounting standard, and what are they ...
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What Does IFRS 16 Do?

IFRS 16 is the most significant change to lease accounting in the past 30 years, so you’d better ...
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What is GASB? The Complete Guide

The Governmental Accounting Standards Board, or GASB, was established in 1972 in order to create ...
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FASB Proposes Discount Rate Update for Private Companies & Nonprofits

On September 15, 2021, the Financial Accounting Standards Board (FASB) proposed an update to ASC ...
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What is GASB 87? Everything You Need to Know

Lease accounting is getting more complicated. In June 2017, the Governmental Accounting ...
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