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Apr 16, 2020

COVID-19 loan modifications: Important accounting and reporting insights

As banks work to determine appropriate and effective loan modification options for borrowers, key questions arise around how to account for and report on these modifications. There is new guidance from Congress in the form of the CARES Act, new guidance from the regulators and new guidance from the FASB and the SEC. Much of the guidance is aimed at making operations simpler.

Apr 26, 2018

Real estate lease holders should get a jump on Straight-Line Rent Reporting

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) to improve financial reporting on leasing transactions. The new standard comes into effect on December 15, 2018 for public companies. The ASU impacts all companies that lease real estate assets, including leases for real property that are longer than 12 months.

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