ASC 842 practical expedient and leaseback terms are just some of the ways the standard interacts with ASC 606.
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ASC 842 practical expedient and leaseback terms are just some of the ways the standard interacts with ASC 606.
Stay up-to-date on an entity’s required ASC 606 transition date and its most beneficial transition method, which varies based on entity type and industry.
FASB Comment Letter on proposed amendments to ASU Topic 606 regarding narrow-scope improvements and practical expedients.
Specific criteria must be met for the portfolio method to be used as the practical expedient under ASC 606.