percent symbols in colorful circle icons
Resources

FASB ASC 842: Additional flexibility for discount rate selection

Dec 21, 2021 · 215.9 KB Download

FREE ACCOUNT

ACCESS

Resource

available

On November 11, 2021, the FASB issued ASU 2021-09, Leases (Topic 842): Discount Rate for Lessees that are Not Public Business Entities. The ASU widens an existing policy election for private companies and not-for-profit entities (NFPs) to use a risk-free rate by underlying class of asset. Previously, FASB ASC 842-20-30-3 required the policy election to be applied to all leases. The subtle change may seem minor but will provide significantly more flexibility to selection of a discount rate- a process

Download the CPEA report: FASB ASC 842: Additional Flexibility for Discount Rate Selection Process

File name: cpea-december-2021-report-fasb-asc842-additional-flexibility-for-discount-rate-selection-process.pdf

Already a member?

Log in with your account
 
Forgotten email
Forgotten password

Not a member?

To gain access to exclusive content, your first step is to join the AICPA & CIMA.

Related content

}