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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Recent Posts
FASB Considering Incorporating IFRS Rules on Government Grants
Mind the GAAP Issues Joint Comment Letter on FASB Common Control Leases Proposal
New Disclosures of Supplier Finance Program Obligations
Mind the GAAP and Wipfli Issue Joint Comment Letter on Accounting for Government Assistance
What is the Conceptual Framework and Why Should I Care?
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