The FASB issued Accounting Standards Codification Topic 842 (ASC 842), which is effective in 2019 for public companies. The effective date for private companies has been pushed from 2020 to 2021. This new standard will affect any entity that enters a lease and will force organizations to evaluate their accounting policies, procedures, controls, and systems. This webinar explores changes since the original issuance as well as pain points of organizations that have already implemented the standard.
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