Federal Reserve response influences how businesses handle inflation
How far will the Federal Reserve need to raise interest rates to bring inflation back down to its 2% target? No one knows, not even the Fed.
Source: patriotledger.com
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New lease accounting standards come with plenty of gotchas
REGISTER NOW The recent leasing rules from the Financial Accounting Standards Board and the Governmental Accounting Standards Board are turning out to be harder to follow than many organizations expected. Not only do the new leases standards, FASB’s ASC 842 and GASB’s Statement No. 87, require entities to put operating leases on the balance sheet for the first time ever, but they come with extra complexities. Entities will need to evaluate all contracts relating to the right-to-use assets for recognition in financial statements. Meanwhile, GASB 87 requires all leases be reported as financ...
Source: accountingtoday.com