Many companies are waking up to the fact that they are less than six quarters away from the effective date of the new lease accounting standard,…
Complying with the new lease accounting standard will require collecting data from lease contracts across numerous locations and geographies.
The revenue recognition standard will turn a diverse set of industry standards into “one framework about how to think about revenue.”
Significant risks are inherent in the judgment calls that the new rules will demand, consulting firm says.
Freewheeling reporting rules on other comprehensive income set the stage for earnings management, researchers assert.
The new accounting standards update drops a requirement that companies must measure and report “hedge ineffectiveness.”
Microsoft adopts both the new revenue recognition and lease accounting standards early.
But big, public, non-financial companies are generating cash partly by cutting capex, study finds.
The standards take effect in a mere six quarters for public companies, but many have not yet begun, or only recently began, to assess what must be…