ASC 842, Leases: February 2021 Update
Thoughtware Article
Published: Feb 02, 2021

In June 2020, FASB issued Accounting Standards Update 2020-05, which provides nonpublic entities and not-for-profits additional time to implement Accounting Standards Codification (ASC) 842, Leases. This document has been refreshed to incorporate all subsequent standard setting and implementation guidance issued by FASB.