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New Lease Accounting Standards Come with Plenty of Gotchas
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 ...
Read More5 Trends to Watch During the Pandemic Recovery
The economic recovery from the COVID-19 pandemic will be different from the recoveries that followed past recessions, Marci Rossell told AICPA governing Council members. Economic downturns typically originate in a sector such as housing, finance, or manufacturing and ripple through the economy from there, said Rossell, an economic forecaster and former chief economist at CNBC.
Read MoreThe Class of 2021 Could Transform Hiring: Here's What College Seniors Want from Employers
A new report focuses on sentiments among college seniors regarding in-person work, salary expectations, hiring and more as the class of 2021 joins the workforce. The coronavirus pandemic transformed the way students and professionals work and learn on short notice with universities and workplaces adopting remote operations to mitigate the spread of COVID-19. iCIMS, a talent cloud company, released its Class of 2021 Report, and the company's ...
Read MoreHackers Have a Devastating New Target
A major gas pipeline. Dozens of government agencies. A Florida city's water supply. And now, one of the world's top meat producers. The last few months have seen a sharp rise in cyberattacks, often disrupting products and services that are key to our everyday lives. Many of those attacks have used ransomware, a set of tools that lets hackers gain access to computer systems and disrupt or lock them until they get paid.
Read MoreTips for Lease Accounting Amid Financial Uncertainty
It’s been more than a year since the pandemic began, and while the vaccine rollout is reason for optimism, many organizations will be dealing with financial fallout for the foreseeable future. While private businesses and not-for-profit organizations face mounting financial pressures, many are also still contending with the adoption of new guidance for lease accounting. And public companies that have already adopted the new guidance need to ...
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