The new lease accounting rules retain the two-classification concept that existed under previous lease accounting rules. Leases are classified as operating
FASB ASC Topic 842 Lease Accounting – How to Handle Legacy Deferred Rent Liabilities
Learn more about the handling of Legacy Deferred Rent Liabilities required under FASB ASC Topic 840 and what you should do with your deferred rent accounts.
FASB Votes to Delay Leases, Hedging and CECL Effective Dates for Private Companies and Certain Other Entities
On Wednesday October 16, 2019, the FASB unanimously voted to delay the effective dates of three major Accounting Standards Updates (ASUs) for private companies
ASC 842 Expected to Impact Natural Resource Sector
Accounting Standard Codification (ASC) Topic 842 - Leases, the new FASB lease accounting standard aimed at closing a major concern of stakeholders in lease
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