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Banks, Businesses Brace For Far-Reaching Accounting Standard Changes

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Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021.

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Pulling Back The Curtain On Corporate Finance Reports

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Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. But researchers warn that corporates continue to find ways to hide the bad news.

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CFOs Brace For Loan Disruption Amid Accounting Changes

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Corporates are gearing up to manage a whole slew of accounting standards changes in the coming years, but one of the more immediate effects involves how leases are recorded on financial statements. Some companies may seek legal advice on adopting the new standards or interpreting loan covenants.