On October 5, 2021 we held a free live webinar discussing the implementation of the Lease Accounting standard. You can click to video below to watch the webinar replay or used the button below to download the presentation slides.
COVID-19 Relief for Accounting Standards
On June 3, 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-05, bringing relief for both for-profit and nonprofit entities. The standard allows entities who have not yet issued their financial statements to DELAY the implementation of ASU 2014-09, Revenue Recognition from Contracts with Customers (ASC 606).