Date: Feb. 13, 2025
Time: 8 – 11:30 a.m. PT
The Financial Accounting Standards Board (FASB) has issued a new accounting standard for leases. This new standard—ASC Topic 842—replaces the existing ASC Topic 840, changes the accounting for operating leases (requiring capitalization in the financial statements), and upgrades many other lease accounting and reporting aspects.
1000002754-125244
Accountants and auditors will be able to adequately plan their audit and review engagements regarding the appropriate procedures to be performed to determine their clients’ compliance with the applicable requirements regarding adopting the Lease standard. Internal Accountants can better understand their company's needs to implement the Lease standard.
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