Briefly describe the concepts discussed in both ASUs
Study ASU 2016-02 Leases and ASU 2014-09 Revenue Recognition and conduct additional research, where needed, to address the following:
1) Briefly describe the concepts discussed in both ASUs. Include effective dates for nonpublic business entities. Focus especially on changes relevant to small and medium-sized nonpublic businesses.
2) Considering ASU 2014-09 Revenue Recognition, are there steps that nonpublic reporting entities need to take now, if they have not already done so? Explain.
3) How should entities prepare for implementation of ASU 2016-02 Leases? Explain.
4) Are there any other ASUs with open effective dates that have a likelihood of impacting the financial statements of small and medium-sized nonpublic businesses?
5) Research pending FASB activity related to small and medium-sized private businesses.
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.
