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FASB’s Topic 842: What the New Lease Accounting Standard Means for Your Organization
October 25, 2022 @ 11:00 am - 12:00 pm Eastern
ASC 842 applies certain organization’s with a lease or sublease and is intended to increase transparency and comparability among lessees by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements.
Implementing ASC 842 is not an easy task, however, as it has an impact an organization’s balance sheet, income statement, and policy elections. But the clock is ticking. All financial statements prepared on a GAAP basis must adopt the standard for years beginning after December 15, 2021.
Councilor, Buchanan & Mitchell has the expertise to assist. On Tuesday, October 25, from 11 am to 12 noon Audit Manager Sally Hudson and Supervisor Kathleen Booker are leading a complimentary webinar on ASC 842 including an overview of the new standard, required presentations and disclosures and some implementation tips.
There’s a lot to catch up on! Please join CBM on October 25 to discover what you need to know about this critical new accounting standard and its impact on your business.
Attendees are eligible to receive 1.0 hour of CPE for demonstrated participation in this session.
CBM, P.C. is a professional services firm delivering tax, accounting and business advisory expertise throughout the Mid-Atlantic region from offices in Bethesda, MD and Washington, DC.