Cloud accounting: Dealing with the ever-growing complexity
Part of the For Cloud Professionals podcast series
As cloud adoption soars, so does the complexity of the accounting treatment for cloud. And with the adage that, "Now every company is a tech company" now a near reality, accounting for cloud has never been more important to the bottom line.
Embedded lease identification and accounting
Embedded leases aren't a new concept in accounting. But under ASC 842, identifying them matters more than ever. Most entities are finding that they need to brush up on how to identify embedded leases since balance sheets don't always clearly state leases are in play.
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 2021 for private companies. The standards bring many leases onto the balance sheet and could significantly impact a business’ financial statements.
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
This Heads Up provides a summary of the FASB's Accounting Standards Update No. 2017-12, Targeted Improvements to Accounting for Hedging Activities, which amends the hedge accounting recognition and presentation requirements in ASC 815, Derivatives and Hedging.
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.
Events and webcasts
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