Calendar year-end private companies and not-for-profit entities reporting under US GAAP are required to adopt Topic 842 (Leases) this year! It may sound as simple as grossing up the balance sheet with a lease liability and a right-of-use asset, but the devil is in the details.
Join Mike Cheng and host Chris Green for a plain English overview of Topic 842 with a focus on transition guidance.
Please note: This recording does not qualify for CPE credits