At first glance, the lease accounting standard (ASC 842) seems relatively simple: Just add an asset and a liability to the balance sheet. The two accounts would offset, so no …
What does the new lease accounting standard mean for your business?
When the new lease accounting standard, Accounting Standards Codification (ASC) 842, is implemented, all leases will have to be reported on the balance sheet. A ‘right of use’ asset and …
