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
ASC 842: The New Lease Accounting Standards Explained with Examples, Effective Dates, & More
1. What is ASC 842? 2. ASC 842 effective dates 3. What is a lease under ASC 842? ASC 842 lease classifications and subtopics 4. Scope of ASC 842 5. ASC 842 lease accounting for lessees Operating lease accounting under ASC 842 and examples Finance lease accounting...
Rent Expense Explained and an Example of Straight-Line Rent under US GAAP
1. What is rent expense? 2. How has accounting for rent payments changed under ASC 842? 3. How is rent expense measured? Other considerations in rent expense measurement 4. Differences in timing of cash flows in rent payments Prepaid rent Deferred rent Accrued rent 5....
Capital/Finance Lease vs. Operating Lease Explained: Differences, Accounting, & More
1. What is an operating lease? 2. What is a capital lease / finance lease? 3. Capital/finance lease vs. operating lease criteria Transfer of title/ownership to the lessee Exercising a purchase option Lease term Present value Alternative use 4. Finance lease vs....