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Sep 15, 2016 10:30:00 AM

New Lease Standard Requires New Definitions & Judgment

The HORNE team has written quite a bit about the new revenue recognition and lease standards, but the new rules will impact the telecommunications industry more than other industries. In this blog, I’d like to provide information for telecom companies to assist them with managing their finances and operations, as well as developing the judgment necessary to identify what actually constitutes or contains a lease.

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Topics: Revenue Recognition Standard, Lease Standard, Telecommunications

Apr 21, 2016 10:00:00 AM

4 Steps to Prepare for the New Lease Standard

I recently wrote about the major financial reporting changes in the new lease standard and the potential impacts the changes could have on your business. When I wrote the blog, the Financial Accounting Standards Board was finalizing the standard, and it officially issued the new lease guidance on Feb. 25.

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Topics: FASB, Revenue Recognition Standard, Lease Standard

Apr 14, 2016 1:30:00 PM

New Standards Simplify Share-Based Payments Accounting

Hidden underneath the significant changes to revenue recognition and leases is the FASB’s update to accounting for share-based payments. And those changes – in an area often perceived to be as complicated as an NFL playbook – just made our jobs a little easier.

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Topics: Revenue Recognition Standard, Lease Standard

Dec 3, 2015 10:30:00 AM

How Will the New Lease Standard Impact Your Business?

If your company uses leases to acquire assets without huge cash outlays, to enjoy lower interest rates than is possible with loans, or to reduce the risks of ownership, you may need to re-examine your lease and purchase decisions very soon. On November 11, the Financial Accounting Standards Board voted to proceed with the issuance of a final Accounting Standards Update on leases in early 2016.

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Topics: Financial Reporting, Lease Standard