Tag: ASC 842

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ASC 842 FASB Proposes to Improve Discount Rate Guidance for Lessees for Not Public Business Entities

On June 16 2021, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would improve discount rate guidance for lessees that are...

Speed Up IFRS 16 ASC 842 with Oracle FCC Cloud

As the deadline to the new lease accounting standards IFRS 16 ASC 842 looms, compliance is at the top of finance managers’ agendas. To comply...

New Lease Accounting IFRS 16 ASC 842 – Key Steps in the Final Sprint

With only months lefts before the new lease accounting standards ASC 842 and IFRS 16 become effective, many companies have not taken the steps needed...