The Impact of ASC 842 – The New Lease Standard Is Here
Construction Business Owner
JUNE 1, 2022
ASC 842 keeps the same two-model lease classification but requires most off-balance-sheet leases, regardless of classification type, to be recorded on the balance sheet. While both operating and finance leases will be recorded on the balance sheet, expense recognition is different. Accounting & Finance. accounting and finance.
Let's personalize your content