FASB ASC 842: Implementation FAQs – Part 1

In this report, we answer questions frequently asked by CPEA members as they assist clients implementing FASB ASC 842, Leases. These questions and answers are intended to help our members who may encounter similar issues on engagements. Some questions are blends of multiple CPEA member questions on a similar topic. While the fact pattern in a particular member question may not exactly match the circumstances that a different member may be dealing with, the answer should, in most cases,