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Katy Al-Khalidi, CPA

ASC 842 Effective Date: FASB Finalizes Lease Accounting Extension for Private Companies
By Katy Al-Khalidi, CPA on October 17, 2019

Many Companies Still Face Significant Lease Accounting Challenges The Financial Accounting Standards Board (FASB) has finalized a one-year delay in the effective date of ASU 842 Leases for...

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Lease Accounting Software Selection
By Katy Al-Khalidi, CPA on October 16, 2019

Financial Accounting Standards Board’s (FASB’s) new lease accounting standard ASC 842 may require new software for management and reporting purposes Private entities got some relief from...

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ASC 842 Transition: Three Components Your Lease Accounting Transition Policy Must Include
By Katy Al-Khalidi, CPA on October 14, 2019

Understand and consider the different options available as you review your leases, but… Private entities subject to the Financial Accounting Standards Board’s (FASB’s) new lease accounting...

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Update on FASB Lease Accounting Standards for Private Companies
By Katy Al-Khalidi, CPA on July 19, 2019

Private companies likely to see delay in deadline for implementing new lease accounting rules. The Financial Accounting Standards Board (FASB, the Board) has proposed a one-year delay in...

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