FASB has provided nonpublic entities and NFPs additional time to implement ASC 842, Leases. This document has been refreshed to incorporate standard setting and guidance issued by FASB. 

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 assets. 

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

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

This BKD webinar will provide an insightful update on upcoming lease accounting regulations and adoption considerations from FASB.

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

This paper provides an overview of proposed and final standards issued by FASB through June 2021, along with recent updates on outstanding exposure drafts and active projects.

Although the economy is reopening and many are returning to a new normal, there are still credit risks banks face related to the pandemic. Read on for more details.

FASB has issued an exposure draft seeking feedback on expanding the last-of-layer hedging method.