Tag Archives: FASB

FASB ASC 842: How to Best Transition to New Lease Accounting Standards

Lauren Covell May 14, 2021 One silver lining of COVID-19 appeared when private companies received a short reprieve from the new lease accounting standards courtesy of FASB ASC 842 — “reprieve” being the operative word here. Come December 2021, these standards go into full effect, giving you less than a year to develop and execute … Continue reading FASB ASC 842: How to Best Transition to New Lease Accounting Standards