This Hot Topic highlights important presentation and disclosure reminders under ASC 842 as companies prepare their year-end financial statements.
Effective date: | Public business entities | All other entities |
---|---|---|
Annual periods – Fiscal years beginning after |
December 15, 2018 |
December 15, 2021 |
Interim periods – In fiscal years beginning after |
December 15, 2018 |
December 15, 2022 |
Early adoption allowed in fiscal years beginning after |
N/A |
Immediately |
Receive timely updates on accounting and financial reporting topics from KPMG.
Receive timely updates on accounting and financial reporting topics from KPMG.
Use our Accounting Research Online for financial reporting resources.
Use our Accounting Research Online for financial reporting resources.