ASC 842 lease accounting

Understanding ASC 842 Lease Accounting Changes

In March 2023, the Financial Accounting Standards Board voted to bring American lease accounting standards in line with the global lease accounting standards set by the International Accounting Standards Board. This update affects Accounting Standards Codification (ASC) 842: Lease Accounting. These changes will become part of GAAP, and will have far-reaching effects on businesses across […]

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