Accountants Covering New Ground on Lease Modifications Due to Covid-19 And New Equipment Lease Accounting Rules
Alta Director John Bober, who is chairman of the ELFA Accounting Committee, was a member of the international working group that collaborated with the Financial Accounting Standards Board (FASB) and International Accounting Standards Boards during their development of new accounting rules for equipment leases. The FASB’s standard — now referenced as ASC 842 — has … Read more