Title

ASC 842: Implementing the New Leasing Standard

Document Type

Article

Publication Date

Fall 1-1-2018

Description

With the updated leasing standard from the Financial Accounting Standards Board (FASB) going into effect, companies will need to understand the basic principles and new definition of a lease, as well as the types of leases. Then they will be able to account for them properly, and more information will be transparent to the users.

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