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Private entity reporting – 2023 and beyond
KPMG professionals discuss accounting standards for private entities – plus other developments in financial reporting.
Important year-end lease reporting reminders
Key presentation and disclosure reminders for preparing financial statements under ASC 842.
Real estate lessor guide
Includes new and updated interpretations for ASC 842, with new material for ASU 2023-01 on common control arrangements.
Handbook: Leases
Latest edition: Our in-depth guide to ASC 842 – with Q&As, interpretive guidance and examples.
Real estate revenue guide
Latest edition: Our Q&As on the FASB’s revenue and other income recognition standards in the real estate industry.
FASB issues final ASU on common control leases
The final ASU changes ASC 842 for common control lease arrangements and related leasehold improvements.
Hot Topic: Leases
ASC 842 transition complexities from recent economic conditions
Lessee discount rates under ASC 842
Key considerations for public and private entity lessees when determining the discount rates for leases.
ASC 842 for equipment lessees
Updated: An executive level overview of the new lease accounting standard for equipment lessees.
ASC 842 for lessees
Updated: An executive level overview of the new lease accounting standard from a lessee’s perspective.
FASB finalizes lessor ASC 842 amendment
Lessors will classify leases with variable payments as operating if another classification would trigger a Day 1 loss.
ASC 842 for lessors
Updated: An executive overview of the lease accounting standard from a lessor’s perspective.
No additional ASC 842 deferral for private entities
FASB decides not to further defer the effective date of ASC 842 for private companies and private not-for-profits.
FASB amends risk-free discount rate expedient
Private entity practical expedient electable by class of underlying asset; interplay with implicit rate clarified.
Applying the lessee short-term lease exemption
Key considerations for lessees when determining whether to elect – and how to apply – the short-term lease exemption.
Private entity lease adoption 2-part webcast
KPMG professionals discuss core lessee accounting requirements and transition accounting for private entities adopting ASC 842 in 2022
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