Whois & Analysis for leasequery.com

IFRS 16 is an International Financial Reporting Standard (IFRS) promulgated by the International Accounting Standards Board (IASB) providing guidance on accounting for leases.

IFRS 16 was issued in January 2016 and will be effective for most companies that report under IFRS in 2019.

Upon becoming effective, it will replace the earlier leasing standard, IAS 17.

The Financial Accounting Standards Board (FASB) is a private, non-profit organization standard setting body whose primary purpose is to establish and improve generally accepted accounting principles (GAAP) within the United States in the public's interest.

The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. The FASB replaced the American Institute of Certified Public Accountants' (AICPA) Accounting Principles Board (APB) on July 1, 1973.

The Governmental Accounting Standards Board (GASB) is the source of generally accepted accounting principles (GAAP) used by state and local governments in the United States.

As with most of the entities involved in creating GAAP in the United States, it is a private, non-governmental organization.

Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world.

In the United States, the CPA is a license to provide accounting services directly to the public.

It is awarded by each of the 50 states for practice in that state.

Additionally, almost every state (49 out of 50) has passed mobility laws in order to allow practice in their state by CPAs from other states.

Although state licensing requirements vary, the minimum standard requirements include the passing of the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting related experience.

Accounting software describes a type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, general ledger, payroll, and trial balance.

It functions as an accounting information system.

It may be developed in-house by the organization using it, may be purchased from a third party, or may be a combination of a third-party application software package with local modifications.

Accounting software may be on-line based, accessed anywhere at any time with any device which is Internet enabled, or may be desktop based.

It varies greatly in its complexity and cost.