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Leases are dynamic, evolving documents. Lease changes – and remeasurements – are common, but how to handle them under ASC 842 is not always straightforward. As unexpected circumstances like COVID-19 interrupt business plans, payments or obligations may have changed in unpredictable ways.
Because lease changes are common, FASB devoted much of ASC 842 to lease remeasurements.
In this webinar, you will learn:
Lease remeasurement scenarios, best practices + requirements under ASC 842
How to optimize your processes ensure timely and complete information
Workarounds to get the job done when your processes don't work as should
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