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.
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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.
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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.
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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.
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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…
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