Public companies should start the process soon (if they have not already done so) to make sure they will be compliant with the new regulations and disclosure requirements. Private companies have until the end of 2019 to make sure they’re ready for the new requirements – but it never hurts...
More extensive disclosure requirements The treatment of lease and non-lease components Below are summaries of lessee and lessor accounting under ASC 842, IFRS 16, and GASB 87. ASC 842 UnderASC 842, the new lease accounting standardfor US companies following USGAAP, lessees are required to recogni...
Existing systems and processes may need to be modified or enhanced in order to provide information necessary to address the new reporting and disclosure requirements Multiple departments across the organization will be affected by this standard, including information technology (IT), tax, legal, treasury...
9Disclosure requirements We expect that entities will often want to omit disclosuresAboutLeasesthat they have determined do not require balance sheet recognition on the basis of their use of capitalization thresholds as discussed above. We believe that while it may be appropriate to omit such disclosu...
is a perennial crop with low fertilizer and pesticide requirements, well adapted to a wide range of environmental conditions. It has been successfully grown in most European climatic zones while also promoting local flora and fauna diversity. The cultivation of nettle could help meet the strong ...