The new lease accounting standard ASC 842 is effective for public companies beginning January 1st, 2019. The primary purpose of the standard was to address the fact that most operating leases are deemed off balance sheet financing arrangements and currently are only disclosed via a company’s financial footnotes in the “Commitments and Contingencies” footnote.
Transitioning to ASC 842, Where are all your company’s lease documents?
The new lease accounting standard ASC 842 is effective for public...
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