Developing Your Policies for ASC 842 Compliance
When the Boards update accounting standards, you need to update your policies. In this on-demand webinar, we walk you through the practical expedients released for ASC 842 and their implications. We also cover how your current policies may be affected by ASC 842 and considerations for determining discount rates, materiality and capitalization thresholds, and more.
Recent Blogs
Unlocking the Power of Lease Accounting Data: A Guide for FP&A
Financial Planning & Analysis (FP&A) plays a crucial role as a strategic partner to the business, utilizing financial analysis and forecasting to help guide decision-making. Their responsibilities include drafting budgets and forecasts, optimizing the...
Commercial Lease Overview: Lease Types, Management, Accounting, & More
1. Understanding commercial lease agreements Commercial leases of equipment 2. Commercial lease management Lease management software 3. Commercial lease types Gross lease / full-service lease Net lease Absolute net lease or "absolute NNN lease" Modified gross lease...
Materiality, Immateriality, and Material Misstatements in Accounting Explained
What is materiality in accounting? Materiality is the accounting concept that the more significant missing or incorrect information is to an entity, the larger impact the error or omission may have on the decision-making of users of the affected financial statements....
