Accounting for changes to leases under ASC 842
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Accounting for changes to leases under ASC 842

3 years ago · 549 KB Download



CPEA lease standard implementation series – part vi

In 2016, the Financial Accounting Standards Board (FASB) issued its long-awaited revision to lease accounting, Accounting Standards Update (ASU) 2016-02, Leases (codified in FASB Accounting Standards Codification [FASB ASC] 842, Leases). There are elements of the new standard that could impact almost all entities to some extent, although lessees likely will see the most significant changes. These changes are wide-ranging and cover several CPEA reports in this series.

In this report we

Download the Report on lease modification and remeasurement with journal entries

File name: CPEA-lease-jes.pdf

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