ASC 842—Lease accounting
The new FASB and IFRS lease accounting standards (ASC 842 and IFRS 16) will take effect in 2019 for public companies and in 2020 for private companies. The standards bring many leases onto the balance sheet and could significantly impact a business’ financial statements.
New lease accounting standards: What private companies need to know
Embedded lease identification and accounting
Lease accounting implications for the consumer industry
ASC 815—Hedge accounting
Find out how the ASU 2017–12 standard–Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, allows companies to revisit their current hedge accounting strategies and better align accounting with risk management strategies.
FASB issues standard bringing targeted improvements to hedge accounting
Special Edition | Hedge accounting: Simplifying the accounting for hedging activities
Current expected credit loss standard (CECL)
ASC 326—Current expected credit loss standard (CECL)
ASU 2016-13, the current expected credit loss standard (CECL), is one of the most challenging accounting change projects in decades. It impacts all entities holding loans, debt securities, trade receivables, off-balance-sheet credit exposures, reinsurance receivables, and net investments in leases.
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