The Lessors Network

 <Equipment Lease Finance News, Events & Resources

Lessors Network Logo
Blue Arrow   Return To Home Page
BREAKING NEWS SPONSOR AD
Optimal Leasing LLC
Contact: Larry Robinson / 248.738.2699
.
Optimal Leasing LLC

Optimal Leasing LLC , an independent MBE originally founded in 1996 with a specific emphasis on providing lease financing for capital equipment, assist customers who have diversity objectives and are interested in Tier 1 & 2 spend.

.


    Breaking News Network

Lessors Network Shadow
Lessors Network News

The Lessors Network showcases the largest equipment lease finance community on the Web publishing industry relevant news, press releases, legislative and regulatory updates aggregated from trusted global resources.


.
.
New Accounting Rules Change How Some Companies Sell Goods, Services - WSJ
.

Some CFOs are adjusting business operations to comply with revenue-recognition guidelines

By Tatyana Shumsky

June 12, 2018

New accounting rules are prompting some corporate finance chiefs to change how they do business.

More than half of the S&P 500 companies disclosed some impact on their accounting policies since December, when new rules unified how companies account for revenues from sales and services. The change, which was in the works for more than a decade, replaces previously disparate, industry-specific rules and aligns U.S. standards closer to international guidelines.

For finance chiefs of some companies, including Red Hat Inc., RHT -0.49% Ciena Corp. CIEN 0.86% and Mosaic Co. MOS -0.07% , adopting the new revenue recognition standard from the Financial Accounting Standards Board means adjusting their business operations to be in line with the new accounting framework, which is more focused on contracts and when goods and services are delivered to customers.

Around 380 companies in the stock index have reported under the new rules as of June 8, and 294 companies in the index disclosed an impact on financial statements from adopting the standard, according to Audit Analytics.

Finance teams spent months rewriting accounting processes and procedures and preparing new financial statements to comply with the new rules. Roughly one in five public companies surveyed by PricewaterhouseCoopers LLP said they spent or expected to spend $1 million or more on this effort.

Blue Arrow   Continue Viewing This WSJ Story



.
  Free Headlines In Your Inbox
Lessors Network Shadow
Email Alerts
.
Every day we send out free Email Alerts with the most important headlines of the last 24 hours,
(excluding slow news days).
.
.
 Blue Arrow 
Lessors Network  Membership
Lessors Network Shadow
Lessors Network Advertising
.
Our Business Is Promoting
Our Members And Annual
Dues Cover All Costs!
.
See How A Vertical Marketing Media
Network Can Get You Noticed Online
.
Blue Arrow  Learn More...
.
.


.


Arrow  About   Arrow  Contact   Arrow  Email Alerts   Arrow  Membership   Arrow  Sitemap   Arrow  Terms  
.
.
A Lessors.com, Inc. Company  |  © Copyright 1998 - 2017



.