FASB ASC 842: Additional flexibility for discount rate selection
Resources
AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
percent symbols in colorful circle icons
Resources

FASB ASC 842: Additional flexibility for discount rate selection

1 year ago · 215.9 KB Download

FREE ACCOUNT

ACCESS

Resource

available

On November 11, 2021, the FASB issued ASU 2021-09, Leases (Topic 842): Discount Rate for Lessees that are Not Public Business Entities. The ASU widens an existing policy election for private companies and not-for-profit entities (NFPs) to use a risk-free rate by underlying class of asset. Previously, FASB ASC 842-20-30-3 required the policy election to be applied to all leases. The subtle change may seem minor but will provide significantly more flexibility to selection of a discount rate- a process

Download the CPEA report: FASB ASC 842: Additional Flexibility for Discount Rate Selection Process

File name: cpea-december-2021-report-fasb-asc842-additional-flexibility-for-discount-rate-selection-process.pdf

Reserved for AICPA.org registered users

Log in with your AICPA.org account to gain access to exclusive content

 
Forgotten email
Forgotten password

New to AICPA.org?

Welcome to your home for career success

Register

Related content