The new lease accounting standards, ASC 842, Leases, is lengthy and can get very complex. The original Accounting Standards Update (ASU 2016-02) is nearly 200 pages, and that doesn’t include the amendments in a number of subsequent ASUs.
To help lessee entities become familiar with the requirements of the new standards, Sikich prepared the “ASC 842 Lessee Handbook.” At 33 pages, including a two-page policy election template, this handbook provides lessees with a foundational understanding of the new standards without having to skim through hundreds of pages or piece together numerous sources.
We encourage you to download this reference material. Be on the lookout for announcements about future CPE webinars!