Chris Guidugli, CPA, Rudler, PSC by Chris Guidugli, CPA, Rudler, PSC A new Generally Accepted Accounting Principles (GAAP) lease standard, FASB ASC 842, became effective for fiscal years beginning after December 15, 2021, for non-public companies. This new GAAP standard impacts how businesses account for leased property, which could have a significant impact on a business’s […]
