The revised Exposure Draft on Lease Accounting should be issued in the near future. All interested parties should be prepared to review it and react to the revisions as quickly as possible. The FASB and the IASB have continued to discuss some major changes from the original proposal. Balance sheet recognition of other than short term leases should remain in place but we will want to review changes to issues such as the pattern of expense recognition. Other especially important issues will involve the proposed implementation date and how existing leases will be transitioned into the new accounting model. This revised document should provide a reasonably final roadmap to the new accounting model.
- Accounting for Acquisitions under the ASC 842
- Refresher on the ASC 842
- iLeasePro announces partnership with Zeal CRE to provide a one-stop ASC 842 Lease Accounting solution
- iLeasePro Partners with Acumatica to Deliver an Integrated ASC 842 Lease Accounting Solution
- iLeasePro announces partnership with JMT Consulting to provide ASC 842 Lease Accounting to the Non-Profit Community
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