Following FASB’s issuance of Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), in 2016, GASB issued Statement No. 87, Leases, in June 2017, to become effective for reporting periods ...
It’s not often that a table induces widespread panic, but a few years back “The Economist” managed to terrify people in professions around the world, including accountants, with a simple list of ...
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