One of the many challenging aspects of Accounting Standards Codification (ASC) 842, Leases, is the calculation of the appropriate discount rate. Determining the discount rate will be a significant area of judgment that will require supporting documentation and may necessitate new internal controls. This article provides details on this critical step in lease implementation.
ASC 842: Discount Rate Considerations – Private Companies & NFPs
FASB • September 08, 2022
See our insights on a critical step in lease implementation—calculating the appropriate discount rate.
