Author name: Tommy Laine, CPA

Sounds like a simple question but when you apply the principles of “Revenue Recognition” accounting standards that will soon apply, that simplicity gets challenged. Why is this important?

By Thomas Laine, CPA Updated!…Lease Accounting Standards changes have been delayed.  The Financial Accounting Standards Board (FASB) has decided to delay the implementation of the new standards by one year.  This article will reflect the new deadlines. Did you know… …that the recent changes in lease accounting standards might cause you to #violate a lending #covenant