As entities prepare to recognize operating leases for the first time on the balance sheet under FASB Accounting Standards Codification (FASB ASC) 842, Leases, questions are increasing about the treatment of associated leasehold improvements. In this report we provide guidance about the accounting for leasehold improvements when transitioning to ASC 842. In addition, this report provides an update about recent FASB standard setting activity related to the accounting for related party leases under FASB ASC 842. Continued questions and
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FASB ASC 842: Leasehold improvements and related party leases update
Oct 18, 2022 · 182.3 KB Download
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Download the CPEA report: FASB ASC 842 – Leasehold improvements at transition and related party leases update
File name: cpea-october-2022-report–asc-842-lhi-and-related-party-leases.pdf
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