Tag Archives | FASB

Goodwill Good News

A new Private Company Council (PCC) was established by the FASB in 2012. The PCC’s mission is to simplify accounting standards for private companies, and they are moving fast! On January 16, 2014, the FASB issued two PCC developed updates for small business accounting. The updates simplify accounting for goodwill and interest rate swaps. Our […]

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The Days of Off-Balance Sheet Leases are Numbered

This month, the Financial Accounting Standards board reached the deadline for comment letters regarding the proposed Accounting Standards Update for Leases (Topic 842).  If your company has operating leases with maturities greater than 12 months that aren’t reported on your Balance Sheet that may soon be subject to change.  Although the debate has been met […]

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