FASB ASC 842 implementation FAQs – Part 5

In part 5 of this report series, we answer questions frequently asked by CPEA members as they assist clients implementing FASB Accounting Standards Codification (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 below may not exactly match the circumstances that a different member may be