Preparing For Your Audit Under ASC 842
You put in the hard work to transition to ASC 842, the new lease accounting standard. You’ve got your amortization…
You put in the hard work to transition to ASC 842, the new lease accounting standard. You’ve got your amortization…
Many businesses have only recently adopted ASC 842, the new lease accounting standard, pending their effective dates. Finance teams are…
Accountants know lease accounting has undergone drastic changes due to the enactments of ASC 842 and IFRS 16. The financial…
What does ASC 842 mean in practice if your real estate portfolio consists of finance leases? Well, the first change…
When accounting teams come across the term implicit interest rate, a quick search will tell them that this refers to…
One of the major changes that came with the transition from ASC 840 to ASC 842 was that leases must…