by Mind the GAAP | Oct 21, 2020 | Leases
Thompson Reuters included thoughts from Scott Ehrlich, President of Mind the GAAP, in an article regarding a FASB proposal to amend ASC 842 (Leases) in three areas. Subsequently, the FASB has decided to issue a formal Accounting Standards Update on only one of the three proposals.
by Mind the GAAP | Oct 16, 2020 | Leases
Thompson Reuters and Checkpoint recently published an article on the current accounting requirements for partial lease terminations. Scott Ehrlich, President of Mind the GAAP, was interviewed for the article.
by Mind the GAAP | Jun 5, 2019 | Leases
Mind the GAAP and Wipfli recently wrote a short letter to the FASB highlighting a potential disclosure quirk affecting private companies adopting ASC 842, Leases, on a cumulative-effect basis. The firms have asked the FASB to issue a narrow scope amendment to address the issue.
by Mind the GAAP | May 12, 2019 | Leases
Discussions at a recent IFRS Interpretations Committee highlight that international and U.S. practitioners may be interpreting new U.S. GAAP and IFRS leasing guidelines differently.
by Mind the GAAP | May 31, 2016 | Leases
In this guide, we focus on how the new lease accounting rules in ASC 842 apply to lessees…