Lease accounting requirements for federal agencies were amended and clarified Thursday through the issuance of guidance by the Federal Accounting Standards Advisory Board (FASAB).
FASAB issued Statement of Federal Financial Accounting Standards (SFFAS) 60 , Omnibus Amendments 2021: Leases-Related Topics , as well as Federal Financial Accounting Technical Release (TR) 20 , Implementation Guidance for Leases .
IFAC provides digital access to international accounting standards | Accounting Today
IFAC collaborated with its affiliated standard-setting boards to create a better way to access the various standards. The eIS system has a responsive design that can function on mobile, tablet and desktop devices.
"Rooted in our commitment to the public interest, this platform responds to stakeholder needs by making international standards and their accompanying resources accessible and easy to use," said IFAC CEO Kevin Dancey in a statement Thursday.
Ditch the accounting tricks at the statehouse | | dailyunion.com
Quick question: If you buy your Christmas gifts with a credit card this December, will you still owe that money in January?
Yet when state leaders put together a state budget — spending tens of billions of dollars a year in public money — they often fail to account for future obligations, pretending they don't exist.
Guest Views: Ditch the accounting tricks at the statehouse | Other Views | gazettextra.com
What to tell clients who hold 20 or fewer leases | Accounting Today
Are we overstating the work involved to implement the new lease accounting standard? The answer to that is yes for most organizations. Experts tend to make generalizations across an entire population, which has caused concern for many who need to implement the new lease standard.
Kevala Partners with National Grid and Exelon Corporation on Total Carbon Accounting Framework
Innovative Methodology for Assessing Carbon Intensity of the Grid to Redefine Energy and Utility Sectors' Decarbonization Efforts
"Capable of closely identifying where and when generated power is consumed, the 'Total Carbon Accounting' approach detailed in our research provides a unique basis for assessing all carbon emissions associated with electricity flowing throughout homes and businesses," said Aram Shumavon
Crypto Accounting No Simple Matter, SEC Top Accountant Warns
Setting accounting rules for the ever-changing digital asset market will be tough for U.S. accounting standard-setters, the SEC's top accountant warned Thursday.
"It's not a one-size-fits-all kind of space out there," said Paul Munter, acting chief accountant of the Securities and Exchange Commission's Office of the Chief Accountant, adding that digital assets include not just cryptocurrencies but also non-fungible tokens, utility tokens, initial coin
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