Lease accounting ASC 842
In February 2016, the FASB finalized ASC 842 (also called ASU 2016-02). Public companies were required to apply the new leasing standard for annual reporting periods beginning after December 15, 2018, so this is an extremely relevant and timely issue in financial reporting.
Directions: This research consists of two parts. First, there is the research assignment and the second part requires you to complete the case Snack That Sale.
Instructions:
Using what you have learned about leases from this Module and (reputable) online sources, write an 8-10 page research paper on lease accounting. The paper should be your own thoughts and words, and all sources should be appropriately cited (review Riders Code of Academic Integrity (Links to an external site.)).
Format:
- 8-10 pages of business professional written text (complete sentences, proper grammar, etc.). This page limit includes the case.
- Double-spaced
- 12 point font
- Reference page(s) should be included separately (does not count towards the length of the paper).
Your paper should demonstrate knowledge of the following:
Background:
- Why did FASB feel it was necessary to issue a standard on lease accounting?
- What were some problems with the old lease accounting standard (ASC -840)?
- What are the key differences in the new lease accounting standard (ASC-842)?
Implementation:
- What are the economic consequences associated with ASC 842?
- What are some implementation challenges that many public companies faced with ASC-842?
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
