DocVue Blog Blog Series: FASB Accounting Standards: ASC 842 Lease Standards| Post 1:

As far back as 2008, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) initiated a project and solicited feedback to create a new lease standard treatment. In 2016, FASB released its comprehensive overhaul of the prior lease standards. Accounting Standards Codification 842 (ASC 842) is applicable for most public companies [...]