Tag Archive: "ASC 842"
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Don’t Sleep on the New Lease Standard
Lisa Richmond was joined by CLA’s National Assurance Technical Group colleague Peter Alfele to discuss Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 842, Leases, a “landmark standard” that will “significantly change the way that entities report their financial position, their operations and their cash flows.”
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Land Easements Under ASC 842
As private companies continue down the path of adoption of the new lease standard (ASC 842), questions persist over the accounting treatment of land easements. Prior to the issuance of ASC 842, there was diversity in practice for the accounting of land easements, whether due to the perpetual nature of an agreement, terms of a […]