FASB has provided nonpublic entities and NFPs additional time to implement ASC 842, Leases. This document has been refreshed to incorporate…

Read on for an overview of Accounting Standards Codification 842, including tips for implementation.

FASB added two projects to its active standard-setting agenda—accounting for troubled debt restructurings and purchased credit deteriorated…

ASU 2021-05 updates guidance in ASC 842, Leases, to restore long-standing accounting practice for certain sales-type leases with variable…

This article addresses key accounting and financial reporting considerations for public companies as they prepare second quarter financial…

FASB has issued an exposure draft to provide relief in determining the discount rate to use under the new lease guidance in ASC 842.