Liability

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 a company's financial reporting. It allows for the presentation of a company's assets, financial situation, and earnings 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 | 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 for companies. It refers to the way in which lease contracts are recorded and reported 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 Leasing?

What is GASB 87 Leasing?

The new GASB 87 lease accounting standard is a significant innovation in accounting for government agencies and government organizations. The Governmental Accounting Standards Board (GASB) developed this standard to improve the recording and presentation of lease agreements 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 institutions. The new standard replaces GASB 13 and introduces essential

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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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