FASB ASC 842 lease capitalization policy
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FASB ASC 842 lease capitalization policy

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With broader understanding and implementation of FASB Accounting Standards Codification (FASB ASC) 842, Leases, by private companies, questions are becoming more frequent about the use of a lease capitalization policy. At the April 21, 2022, Private Company Council (PCC) meeting, lease capitalization policies were cited by the FASB chair as something where private companies needed focus. However, a PCC preparer cautioned that a lease capitalization policy requires some substantiation and analysis as it lacks authoritative basis in the FASB

Download the CPEA report: FASB ASC 842 capitalization policy

File name: CPEA August 2022 report – FASB ASC 842 capitalization policy.pdf

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