What Is ASC 842? The Ultimate Guide
What is ASC 842 Summary?
The ASC 842 standard for GAAP lease accounting requires all leases longer than 12 months to be recorded as assets and...
Read about ASC 842 & other lease accounting topics.
The ASC 842 standard for GAAP lease accounting requires all leases longer than 12 months to be recorded as assets and...
The Financial Accounting Standards Board changed the lease accounting game forever when they declared the ASC 842 new lease accounting standard.
Lease accounting gets increasingly complicated with each new accounting standard introduced by the Governmental Accounting Standards Board, also...
While the new lease standard is obviously about accounting for leases, there are broader implications that your clients should consider now, well...
Not all costs related to a lease are included in the leased asset and liability. For example, a contract may include both a truck and operation of...
The new lease standard is coming and preparation is critical for a smooth implementation. This is easier said than done and the experts agree: this...
The new U.S. lease standard, ASC 842, is required for public companies starting their fiscal year after Dec. 15, 2018, for public non-profits...