Getting Started With GASB 87
Insight Software
FEBRUARY 7, 2025
When: The deadline to comply with the new standard is for fiscal years beginning after June 15, 2021. So, here are a few of the basics youll need to start your compliance project.
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What Are The Differences Between ASC 842 & IFRS 16?
Insight Software
FEBRUARY 7, 2025
For private companies, ASC 842 became effective in 2021 for reporting periods thereafter. AP Lease Accounting Under ASC 842 ASC 842 is the lease accounting standard set forth by the FASB. The standard was issued in 2016 and became effective for public companies in 2019.
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What is the Difference Between ASC 842 & ASC 840?
Insight Software
FEBRUARY 7, 2025
Compliance with ASC 842 ASC 842 is effective for reporting periods beginning after December 15, 2021 for all private companies, with early adoption permitted. Lessees and lessors will need to comply with the new standard for all leases entered into or modified after the effective date.
GASB 87 Disclosure Requirements Explained
Insight Software
FEBRUARY 7, 2025
Overview of GASB 87 GASB 87 was issued in June 2017 and is effective for reporting periods beginning after December 15, 2021. This article will provide an overview of GASB 87 disclosure requirements and help you understand the implications for government entities.
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