Check out this Herbein Q+A on Lease Accounting: Practical Expedients – Amanda Jackowski details what practical expedients are under ASC 842, and examples of them.
In this video, we will address the following questions:
- What is a practical expedient under ASC 842 and what are some examples?
- Package deal of expedients - pros and cons
- Practical Expedient combining lease and non-lease components - pros/cons
- Practical Expedient for private company discount rates - pros/cons
To learn more about Lease Accounting click here.
Our new Herbein Q&A video series answers the top questions we get on a wide range of business topics. Got a question? Send us your question today! Comment below or email us at email@example.com.