A Strange Disclosure Quirk for Private Companies Adopting ASC 842

Jun 5, 2019 | Leases

Mind the GAAP and Wipfli recently wrote a short letter to the FASB highlighting a potential disclosure quirk affecting private companies adopting ASC 842, Leases, on a cumulative-effect basis.  The firms have asked the FASB to issue a narrow scope amendment to address the issue.

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