New Lease Accounting Standard (ASC 842) – Adoption Readiness Planning
The new lease guidance (ASC 842) changes how companies account for their lessee transactions in a significant way.
What have you done to prepare for the new lease standard?
The new lease guidance (ASC 842) will change how lessees account for leasing transactions in a significant way.
Perspectives: New Lease Guidance
The FASB and IASB issued a revised Leases exposure draft on May 16, 2013, which would mark a significant change to the current accounting for lease transactions.