Posts Tagged ‘Tammara Williamson’

New Accounting Standard for Leases by Tammara Williamson

Key Steps in Implementing the New Accounting Standard for Leases There is a new accounting standard for leases, ASC 842. Nonprofit organizations should be planning their implementation strategy for an important upcoming change. The standard updates the definition of a lease and now requires lessees to recognize substantially all leases, both financing and operating, on…

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