Leasing is popular among corporations for needs including office space and equipment. Explore ASC topic 842, Leases. examining leasing from identification, lessee, lessor, transition and disclosures. Public company disclosures will also be reviewed.
ASC 842, Leases, is now effective for most publicly traded entities. Private companies and nonprofit entities should also prepare, as the effective date for nonpublic entities is annual reporting periods beginning after December 15, 2020. Early application is also permitted. Prepare your clients and companies for adoption.
Formerly titled: Leases: Past, Present and Future.