Is your organization preparing for ASC 842? It’s been a long time coming but now it’s here. The key questions remain: (1) How are you going to transition to it? (2) Do you have an infrastructure in place? and, more importantly, (3) What (if anything) does it change? ...
ASC 842 makes organizations record most leases on the balance sheet. The standard is designed to address the concept of off-balance sheet operating leases. Due to COVID, the adoption was postponed (1) additional year. Private companies now have to begin the transition...
