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Entries by Justin Hayes, JP Bryan

Leasing Standards Overhauled: An Overview of ASC Topic 842

Posted 4:20 PM by
The deadline for private companies to implement the Financial Accounting Standards Board’s (FASB) new lease standard (ASC 482) is quickly approaching. Entities with leasing activities must begin assessing the new standard and determining the impact it will have, including the potential impact to debt covenants. Additionally, entities must ensure that they have strong systems and processes in place for the implementation of this new guidance.
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