accounting standards

Bridging The Accounting Gap For Lessors And Lessees
Bridging The Accounting Gap For Lessors And Lessees
June 04, 2020  |  B2B Payments

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards, and while the changes went into effect at the start of 2019,...

READ MORE >
US Eases New Banking Rule On Reporting Bad Loans
US Eases New Banking Rule On Reporting Bad Loans
March 30, 2020  |  Banking

Bank regulators have rolled back the Jan. 1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the...

READ MORE >
How Big Data Guides The Accountant’s Evolution
How Big Data Guides The Accountant’s Evolution
January 15, 2020  |  B2B Payments

Technology continues to initiate change in the role of accountants from number-crunchers to strategic advisors. With client requirements in flux, and with regulations becoming more...

READ MORE >
Reverse Factoring Intensifies The B2B Late Payments Debate
Reverse Factoring Intensifies The B2B Late Payments Debate
October 28, 2019  |  B2B Payments

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in...

READ MORE >
Firms Offered More Time To Adopt New Accounting Standards
Firms Offered More Time To Adopt New Accounting Standards
October 18, 2019  |  B2B Payments

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., is offering corporates more time to adopt some revised standards, The Wall...

READ MORE >
US Bank Dials Back Growth Forecasts
US Bank Dials Back Growth Forecasts
September 12, 2019  |  Banking

To reflect the upcoming adoption of new accounting standards as well as lower interest rates, U.S. Bancorp cut its growth outlook in the long term....

READ MORE >
LeaseAccelerator, Clearlink Partner For SMB Lease Accounting Compliance
LeaseAccelerator, Clearlink Partner For SMB Lease Accounting Compliance
August 15, 2019  |  B2B Payments

Enterprise lease accounting software company LeaseAccelerator is teaming up with Clearlink Partners to help joint clients ease the administrative burden of complying with changes in...

READ MORE >
SMBs May Get More Time To Adopt New Accounting Standards
SMBs May Get More Time To Adopt New Accounting Standards
June 24, 2019  |  B2B Payments

Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have said will place...

READ MORE >
California CPAs Call For Crypto Accounting Clarity
California CPAs Call For Crypto Accounting Clarity
June 10, 2019  |  B2B Payments

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their...

READ MORE >