Now Is The Time To Focus On Lease Accounting Implementation
Having remained unchanged for over 30 years, the new leasing standard, ASC 842, will potentially affect every company holding leases. Designed to account for a company’s lease obligations on the balance sheet as a right-of-use asset and lease liability, private companies are now required to adopt for annual financial reporting periods beginning after December 15, 2021, which is 2022 for calendar year-end companies.
In this issue of Table Talk, we are pleased to share lease tracking solutions and considerations to aid in your implementation efforts. Click here to learn more.
Restaurant MasterClass: Lease Implementation
You're invited to join members of our Assurance team on June 17th as they share best practices and processes on topics including lease agreements, calculations, financial reporting and disclosures, and more. Register today!
What's On The FASB's 2021 Agenda?
Companies have had to digest several major changes to the accounting rules in recent years. Now the FASB has a new chairman, Richard Jones. Review the high-priority projects that he plans to tackle under his leadership.
Restaurant Industry Insights To Up The Ante
Find yourself wondering what to do next? Register to join industry professionals as they discuss the impact of technology on the diner/consumer experience, labor shortages, tax implications, and more!
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