Accounting

CAFM-Blog.de | Accounting Methods: A Guide

Accounting Methods: A Guide

Accounting is a central element of financial accounting and plays a crucial role in the financial reporting of companies. It makes it possible to present a company's assets, financial situation, and earnings situation at a specific point in time. The choice of accounting method has far-reaching effects on the presentation of a company's financial situation and can thus also influence the decisions of investors, creditors, and other stakeholders. In practice, there are various [...]

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CAFM-Blog.de | IFRS 16: New Rules for Lease Agreements

IFRS 16: New Rules for Lease Agreements

IFRS 16, which came into effect in January 2019, represents a significant change in the accounting of lease agreements. The standard was developed by the International Accounting Standards Board (IASB) to increase transparency and comparability in financial reporting. Before the introduction of IFRS 16, companies had to distinguish between operating leases and finance leases, which often led to an incomplete representation of financial obligations. With the new regulation, a

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CAFM-Blog.de | Lease Accounting: New Rules and Implications

Lease Accounting: New Rules and Implications

Lease accounting is a central aspect of financial reporting that is of great importance to companies. It refers to the way lease agreements are recorded and presented in a company's financial statements. Leasing is a widespread form of financing that allows companies to use assets without directly purchasing them. This can be particularly advantageous for companies that want to conserve their liquidity while gaining access to modern technologies

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CAFM-Blog.de | What is GASB 87 Lease?

What is GASB 87 Leasing?

The new GASB 87 lease accounting standard is a significant innovation in accounting for government agencies and public sector organizations. The Governmental Accounting Standards Board (GASB) developed this standard to improve the recognition and reporting of lease arrangements in the financial statements of government entities. GASB 87 became effective on December 15, 2019, and has significant implications for the accounting and financial reporting of government organizations. The new standard replaces GASB 13 and introduces essential

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CAFM-Blog.de | CAFM Software: Digital Transformation in Building Management

Accounting Guidelines: A Guide

Accounting guidelines are an important component of any company, regardless of its size or industry. These guidelines serve to ensure the financial integrity of the company and to ensure that all business transactions are properly recorded and documented. Furthermore, they help to ensure compliance with legal regulations and tax provisions. In this article, we will delve into the basic accounting guidelines and explain their importance for small businesses. Compliance

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CAFM-Blog.de | IFRS 16 example: How the new lease accounting changes financial reporting

IFRS 16 Example: How New Lease Accounting Changes Financial Reporting

The International Financial Reporting Standards (IFRS) are internationally recognized accounting standards applied by companies worldwide. One of the latest standards is IFRS 16, which concerns the accounting of lease agreements. This standard was developed to improve the transparency and comparability of financial information and to provide investors with a better basis for their decisions. In this article, we will take a closer look at IFRS 16 and

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