Search results with tag "Asc 842"
For all other calendar -year entities, ASC 842 was initially required to take effect in 2020, and interim periods in 2021. However, in November 2019 the FASB issued ASU 2019-10 which initially deferred the effective date of ASC 842 for all
Preparing for ASC 842, Leases 9 Improvements to the lease guidance 9 Simplifying goodwill impairment accounting 11 Changes to hedge accounting 11 Improvements to nonemployee share-based payment accounting 12 Changes to fair value measurement disclosures 12 Implementation costs of cloud computing arrangements 13 Proposed guidance
The COVID-19 pandemic has caused unprecedented challenges in all aspects of daily life. In June 2020, FASB issued Accounting Standards Update (ASU) 2020-05, which provides nonpublic entities and not -for-profits (NFP) additional time to implement Accounting Standards Codification (ASC) 842,