June 24, 2020 | 60 Minutes
Hosted by Accounting Today
With the adoption of ASC 842 comes the opportunity to elect several practical expedients. The new leases standard provides lessees with a practical expedient, by class of underlying asset, to not separate lease and non-lease components. Many companies have made elections only to later discover they were not the best choices.
Hear what ASC 842-compliant companies say they now wish they would have known before making elections, hear how their choices affected them, and what they had to do to change their elections.
In "Refining Lease Accounting – Common Changes after ASC 842 Adoption," learn about:
Director of Lease Accounting
Deloitte & Touche LLP
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