ASC 842, Leases, is the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The new standard contains guidance on the accounting and financial reporting for agreements meeting the standard’s definition of a lease. The updated standard applies to most leases and subleases, but some exceptions do exist. Last year FASB voted to defer the effective date of ASC 842 for private companies until 2022 due to the COVID-19 pandemic.
As the new effective date draws near, join us for a brief webinar as our experts go over the high points you will need to know as your organization starts to plan for implementation.
At YHB, Matt has focused his efforts on providing assurance and consulting services to private companies in the construction and real estate industries. Through his active participation in industry trade associations and continuous industry specific training and education, Matt has obtained a wealth of knowledge and a deep understanding of these industries.