Accounting Insights

What to Take Away from the FASB’s Updated Guidance on Lease Accounting

  In 2016, the Financial Accounting Standards Board released an Accounting Standards Update intended as a broad measure to improve financial reporting of leasing transactions. In February, the Financial Accounting Standards Board (FASB) released new guidance on lease accounting, which significantly affects all entities that lease assets.  Representatives from the FASB have maintained that the…

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3 Ways the Parental Leave Act Could Stymie Business Accounting in MD

  Business accounting in Maryland changes with the tide as new laws take effect each year. How have your human resources and accounting departments adjusted to Maryland’s Parental Leave Act (PLA)? What the PLA means for business accounting in Maryland As of Oct. 1, 2014, the PLA requires Maryland employers with 15-49 employees to provide up to…

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