As we have described in previous reports, FASB Accounting Standards Codification (FASB ASC) 842, Leases, significantly increases the number of leases that companies report on balance sheets. As a result, the importance of accurately estimating lease discount rates, which can have a significant impact on lease liabilities and right-of-use (ROU) assets, cannot be overstated. Under FASB ASC 842, every lease with a lease term of more than a year must be reported on the balance sheet as a ROU
ASC 842: Discount rate for lessees what are the options?
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Download the CPEA report: FASB ASC 842: Discount Rate for Lessees: What are the Options?
File name: cpea-august-2021-report-fasb-asc-842-discount-rate-for-lessees-what-are-the-options.pdf