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This article discusses reporting concepts and solutions for systems specifically designed to meet the reporting requirements of both the lessor and lessee under ASC 842. The new standards require adoption for periods ending after December 15, 2018 for public companies... read more
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The long anticipated FASB lease accounting standard (ASC 842) was released on February 25, 2016. The rules do not require implementation until years beginning on or after December 15, 2018 for public companies and December 15, 2019 for all non-publicly... read more