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accounting compliance update

Accounting Compliance and Standards 2022

Are You Keeping Up With Accounting Compliance And Standards?

Authored By GreerWalker

ASU 2016-02, Leases (Topic 842) This ASU provides new regulations which affect all organizations that lease assets, such as real estate, vehicles, and equipment. Previous standards differentiate reporting requirements based on whether an agreement is a capital lease or an operating lease. ASU 2016-02 changes this by requiring all leases with terms of more than […]