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Resourcesforweek3.docx

This next file is from Grant Thornton and it is another excellent resource for comparing U.S. GAAP and IFRS.

/content/enforced/543570-000135-01-2212-OL1-6380/WEEK 3 Grant Thornton Comparison-between-US-GAAP-and-IFRS-Standards-December-31-2018.pdf

Another topic covered this week is IAS 17 Leases.  The standard is already in effect for public companies and private companies and many not-for-profit groups can choose to wait until 2022. The next file is from EY and it provides a recent update on the developments and a guide for financial reporting.

/content/enforced/543570-000135-01-2212-OL1-6380/WEEK 3 EY FinancialReportingDevelopments_00195-171US_LeaseAccounting_28March2019.pdf

Attached are two files that further discuss the topic.  The first one an article from Accounting Today regarding getting ready for the implementation.  The second one is from KPMG and provides a myriad of resources on leases.

/content/enforced/543570-000135-01-2212-OL1-6380/WEEK 3 Getting Ready for the New Lease Standard Guidelines.docx

/content/enforced/543570-000135-01-2212-OL1-6380/WEEK 3 KPMG-handbook-leases.pdf