Search results with tag "February 2021 update"

ASC 842, Leases: February 2021 Update - BKD

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.

  Update, February, 2012, Lease, Asc 842, February 2021 update