FASB votes to simplify accounting for common control leases

FASB votes to simplify accounting for common control leases

Insights < Back to Insights and Resources FASB votes to simplify accounting for common control leasesARTICLE | March 02, 2023Authored by RSM US LLPAt its February 15, 2023 meeting, the Financial Accounting Standards Board (FASB) directed its staff to draft a final...
ASC 842: The clock is ticking; act now to remain compliant

ASC 842: The clock is ticking; act now to remain compliant

Insights < Back to Insights and Resources ASC 842: The clock is ticking; act now to remain compliantARTICLE | January 06, 2023Authored by RSM US LLPThe deadline for privately held companies to implement the ASC 842 lease accounting standard is here, and companies...
FASB to propose changes to related party leases guidance

FASB to propose changes to related party leases guidance

Insights < Back to Insights and Resources FASB to propose changes to related party leases guidanceARTICLE | October 06, 2022Authored by RSM US LLPAccounting Standards Codification Topic 842 (ASC 842), Leases, which is effective this year for non-public entities...