The Department's transfer is the initial step in an arrangement between the collaborating organizations that includes: The project will ensure a supply of U.
Lease liability remeasurement Allocation of consideration to multiple components Staff will continue to work with the task force to further develop the lease standards and will continue to follow the progress of the GASB lease discussions.
Since the April meeting staff has been working with GSA officials and other task force members to further develop the intragovernmental lease accounting standards. Thus far several additional intragovernmental leasing matters have being raised and are being researched for Board discussion.
The GASB met in early June to continue its deliberations on the comments received on their Lease preliminary views in preparation of an exposure draft.
They have discussed the scope of the lease standard, its foundational principle, the lease term, and the lessee model. We are reviewing the related GASB staff discussion papers to assess if any of the issues raised in the GASB discussion papers need to be brought to our Board for discussion.
Staff will continue to work with the task force to further develop the lease standards, including the intragovernmental lease standards. AprilBoard Meeting The objective for the April Lease discussion was to review an initial draft exposure draft ED for the leases standard.
Staff noted that the lease standard will include guidance for all federal leases, including intragovernmental leases. The Board has tentatively agreed that intragovernmental leases should be accounted for similar to current operating leases guidance.
The draft ED included definitions of relevant terms, as well as specific provisions that address the recognition and measurement of intragovernmental leases for both the lessee and the lessor.
Staff asked the Board if they agreed with the proposed language. The Board generally agreed with the staff proposal and asked staff to provide clarifying language in several sections of the proposal.
GASB received 37 comment letters on their lease PV and held three public hearings and expects to issue its exposure draft in February and a final standard in early Staff will continue to work with the task force to further develop the lease standards and will continue to follow the progress of the GASB lease discussions.
The topics discussed included lessee accounting, lessor accounting, short-term exception, lease terminations and modifications, subleases and leaseback transactions, and leases with related parties, and intra-entity leases.
At the December meeting the topics related to non-intragovernmental leases from the GASB PV included objective, project background, applicability, scope and lease term. Also, at the December meeting the Board discussed proposed guidance for intragovernmental leases. The proposed guidance included definitions of relevant terms, as well as specific provisions that address features of leases and is based on the current FASB operating lease guidance.
Staff will continue to work with the task force to further develop the lease standards. The proposed guidance included definitions of relevant terms, as well as specific provisions that address features of leases and is based on the current Financial Accounting Standards Board operating lease guidance.
At the October meeting the Board directed staff to simplify the intragovernmental lease accounting guidance. Staff presented revisions to the previously proposed recognition and disclosure lessee and lessor guidance for intragovernmental lease arrangements.
The Board stressed consistency and the need for symmetry between the lessee and lessor accounting for intragovernmental leases. The topics discussed were project objective, project background, applicability, scope, and lease term.ABC Company Compensation and Benefits Issues Arising from Divestitures, Mergers and Acquisitions First Discussion Draft Executive Resources Limited.
Accounting treatment of goodwill: yesterday, today and tomorrow This study reviewed some of the issues that surrounded the accounting for the academics and also the issues surrounding the treatment of goodwill from the perspectives of different countries.
The historical trend. is over. Instead of reading about the past, check out 's issues to watch. States and localities will spend much of their time this year grappling with troublesome new realities and trying. The controversy surrounding its treatment has a tendency of fading and flaring up every now and then.
Originally submitted as a Ph.D. disserta-tion, Hughes’s monograph (after suitable revisions in the dissertation) on Goodwill in Accounting offers a rich and extensive review of the literature on the subject.
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Accounting, Organizations and Society. Vol. 5, No. 1, pp. Pergamon Press Ltd, Printed in Great Britain. THE ROLES OF ACCOUNTING IN ORGANIZATIONS AND SOCIETY* STUART BURCHELL, COLIN CLUBB, ANTHONY HOPWOOD, JOHN HUGHES London Graduate School of Business Studies and JANINE NAHAPIET Oxford Centre for Management Studies Abstract The .