Ideas & Insights

The FASB recently proposed amendments to address certain issues arising from the adoption of the leases standard.

Constituents recently provided feedback to the FASB regarding issues encountered in the implementation of ASC 842.

We have updated our white paper, which provides an overview of lessor accounting under ASC 842 for financial institutions.

ASU 2020-05 provides one-year effective date deferrals for certain entities and their adoption of ASC 606 and 842.

On May 20, 2020, the FASB approved one-year effective date deferrals for certain entities for ASC 606 and ASC 842.

We recently updated our U.S. GAAP vs. International Financial Reporting Standards comparisons on leases and interim reporting.

Due to the coronavirus, the FASB recently proposed a one-year effective date delay for certain entities for ASC 606 and ASC 842.

The FASB staff recently discussed answers to certain questions on financial-reporting topics related to the coronavirus pandemic.

FASB to propose deferring the effective dates of ASC 606 for private franchisors and ASC 842 for certain entities.

RSM’s Lease Accounting Resource Center provides high-level and detailed information about implementing ASC 842.

FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.

The FASB recently issued a proposed ASU to address concerns regarding the application of Topic 842 to land easements.