3 Targeted Lease Accounting Changes

3 Targeted Lease Accounting Changes

FASB issued a proposal to improve 3 targeted areas of its lease accounting guidance, brought into the board’s visibility by public company stakeholders, and which, do not presumably impact the ongoing practices. The proposed amendments represent FASB’s commitment for timely…

 New Guidelines for Debt Modifications & Restructurings

New Guidelines for Debt Modifications & Restructurings

FASB recently published borrower guidelines on accounting for debt modifications and restructurings, LIBOR and other challenges which have emerged from the financial market impacted by COVID, along with guidance on benchmark interest rates, forwards and options accounting, and implementation relief…