August 24, 2022 - In this final installment in our article series about implementing ASC 842, we walk through the transition guidance for adopting the new standard and discuss the key financial statement presentation and disclosure provisions.
Author Archives for Lisa Wabby
About Lisa Wabby
Lisa joined CapinCrouse in July 2006 and serves as Senior Manager. She has acquired a broad range of experience through serving a variety of clients within the nonprofit industry, including churches, colleges, foundations, foreign mission organizations, and voluntary health and welfare organizations.
April 27, 2022 - The second article in our series walks you through three important steps in implementing the new accounting standard for leases: determining the lease term, discount rate, and classification.
What you need to know about the FASB Accounting Standards Update (ASU) on financial reporting for leasing transactions, plus action items for consideration.