3 Big Ways the New GASB Standards Affect Tribal Governments
Wipfli can help you interpret and implement GASB guidance and understand how it impacts your tribe.
Tips for lease accounting implementation
The effective date for implementing FASB’s new lease accounting standard is still about one year away, but it will require additional resources and a team effort.
How Will the Major Changes to Lease Accounting Standards (ASC 842/IFRS 16) Affect SAP Customers?
By 2019, every organization must change its lease accounting practices – the ASC 842/IFRS 16 regulations will require virtually all leases to be placed on the balance sheet. This change will have ripple effects throughout the organization, reaching beyond Accounting departments to impact stakeholders and investors. Therefore, businesses with any leases need to prepare for the changes this will entail. Read on to discover what those changes are and how you can best adapt to them.
Proposal to Address Questions on GASB Standards
The Governmental Accounting Standards Board (“GASB”) has proposed new implementation guidance that addresses questions concerning GASB standards such as cash flow reporting, derivative instruments, and post-employment benefits. Issued as Exposure Draft No. 24-16d, Implementation Guidance Update — 2019, the proposed guidance is presented in a question-and-answer format and helps answer questions like how an entity should disclose on cash flow statements resources given in an irrevocable…
New GASB lease accounting standard: What airports need to know
GASB Statement No. 87, Leases will require airports to make significant accounting changes. Don't wait to take these first steps toward implementation.
New Lease Accounting: Top 10 FAQs Surrounding ASC 842
ASU 2016-02 comes on the heels of Revenue Recognition (ASC 606) and presents another wide-reaching change to the accounting world. Learn more with Wipfli.
OPEB accounting tips for preparers
Here’s how to book a fairly stated liability under new GASB standards.
What Health Care Entities Should Be Doing to Prepare for Revenue Recognition and the Upcoming...
Wipfli LLP provides accounting and business consulting services. The firm offers accounting, auditing, tax and estate planning, strategic business planning, ...
The New Lease Accounting Standard
With calendar year-end Form 10-K filings almost completed, you may have noticed the addition of Accounting Standards Update No. 2016-02 “Leases...
The Standards Game > Standards
An analogy of “three big dogs hovering over a bowl of dog food” has been used to explain the business challenges of the EDA industry. This oft-cited quote is attributed to Cadence’s founder and first CEO, Mr. Joe Costello, debating how EDA had become a fixed-pie industry on a panel at DAC in 1995. For history buffs, amusingly, the response from Synopsys’ CEO – then and now – Dr. Aart de Geus, was “If you think of yourself as a dog, you only…
New Lease Accounting Standard
After a decade in the making, on February 25, 2016, the Financial Accounting Standards Board (FASB) issued its controversial lease accounting guidance in Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). Under this new guidance, lessees now need to recognize lease assets and lease liabilities for those leases classified as operating leases under previous …
Lease Accounting Standards Updates
Skoda Minotti shares insights on lease accounting standards updates and how they will impact businesses in 2019 and beyond.
How Santa Monica is Addressing Homelessness
Santa Monica City Council approved a series of new investments to address homelessness. The action plan focuses on proactive outreach to connect homeless ind...
How to Request a Company Name/Address Change for your Autodesk Subscription Account
For self service: Visit: online request. Enter in the required information only. In the “How May We Assist You?” field type: Company Change of Name... Read More
Regardless of the industry you're in or the type of software you're developing, you've most likely been mandated to comply with one or more coding standards to ensure the security and reliability of your software. Use this cross-industry cheat sheet to see what matters when it comes to security, quality coding, and functional safety standards.
How the new BPSim standard will help your business
Process simulation is now well accepted as an integral part of BPM suites, delivering proof-of-c...
Tips for implementing FASB’s not-for-profit standard
FASB recently issued its first major change to not-for-profit accounting standards since 1993. Here are tips for implementing the new standard.
How to Implement the New Lease Accounting Standard
With ASC 842 slated to take effect in just a few months, accounting teams need a methodical approach to implementation. Here is a guide.
New Lease Accounting Standards: How They Affect CRE
Share your comments, view guest information, connect with us at our website We've been hearing about the proposed changes in lease accounting standards for over two years now. That's how long ago I did my first show on the topic with Michael Vandergoot and Peter Morris. Prior to that, I had no idea what the hullabaloo was about. I used my preparation for the show, and the show itself, to educate myself. Then, there were lots of comments and objections to the proposed…
How to Prepare for the New Lease Accounting Standards
New lease accounting standards will go into effect for public companies for years beginning after December 15, 2018 (2019 year-end) and for private companies for years beginning after December 15, 2019 (2020 year-end). Those affected by the changes should be aware of the details and begin