ASC 842, Leases: February 2021 Update - BKD
Implementing the New Leave Accounting Standard asc 842 , Leases: February 2021 Update asc 842 , Leases: February 2021 Update 2 Table of Contents Update ........................................ ........................................ ........................................ ........................................ . 4 BACKGROUND ........................................ ........................................ ........................................ ............................... 4 SCOPE.
This is the first major overhaul of lease accounting since 1973. The new guidance requires lessees to recognize substantially all leases on their balance sheets as lease liabilities with a corresponding right-of-use (ROU) asset.
Download ASC 842, Leases: February 2021 Update - BKD
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