Herbein Q+A: Practical Expedients

November 9, 2021

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:

  1. What is a practical expedient under ASC 842 and what are some examples?
  2. Package deal of expedients - pros and cons
  3. Practical Expedient combining lease and non-lease components - pros/cons
  4. 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 info@herbein.com.