The US Financial Accounting Standards Board (FASB) has confirmed that the new Leases Accounting Standards Update will be released on 25 February, bringing US GAAP reporters in line with IFRS 16's release last month  

Changes to lease accounting will affect US GAAP and IFRS reporting companies differently following the failure of IASB and FASB to agree a fully converged lease standard, reports Sara White 

An overhaul of lease reporting under IFRS 16 Leases means that companies will have to review their complete lease portfolio to avoid an uncomfortable hit on profitability, says Sara White

In part four of our series on UK GAAP transition, Helen Lloyd FCA considers deferred tax pitfalls and the best accounting framework for UK companies from FRS 105 to full-blown FRS 102 or in some instances, IFRS

IFRS 16 Leases standard transforms balance sheet, FRS 101 and FRS 103 review as latest revenue recognition rules impact existing standard and probe into how charity breached accounts filing rules

The IFRS Foundation has launched a recruitment drive for new members for the SME Implementation Group (SMEIG), which was set up to support the international adoption of IFRS for SMEs and monitor its implementation, particularly where there are complex interpretation issues

The IFRS standard setter, the International Accounting Standards Board (IASB) has issued amendments to IAS 7 Statement of Cash Flows to improve disclosure reporting on changes in companies' financing liabilities which are likely to increase costs for company reporters

Industry bodies representing equipment and auto leasing companies have expressed their concerns about the impact that the new international leasing standard, IFRS 16, Leases, will have on their sectors as companies review leasing arrangements in light of plans to bring leases on to the balance sheet for the first time from 2019

The much-debated leasing standard, IFRS 16, Leases, has been released by the International Accounting Standards Board (IASB) and is set to transform the accounting rules for lease agreements with a major impact on the P&L, key performance indicators (KPIs) and reporting when it comes into force in 2019, reports Sara White

The wrangling may be over as the launch of IFRS 16 Leases, the new standard for lease accounting, is set for release by the International Accounting Standards Board (IASB), but transition will not be easy for lessees, says Andrew Marshall FCA, senior technical partner at KPMG

The long-awaited leasing standard, IFRS 16, will be published by the International Accounting Standards Board (IASB) next week following an extended consultation period to iron out a number of issues raised by company reporters in both the UK and US

The latest accounting news from IASB's plans to revisit IFRS 4, Insurance Contracts, standard in light of introduction of IFRS 9, Financial Instruments, Tesco pays out £8m to settle US class action over accounting misstatement, charity trustees guidance out for consultation and European Commission plans to amend prospectus rules for listed companies