Professors Smith and Deis on What’s Changing & What You Need to Know
It’s been nearly two years since FASB issued ASC 842 aimed at updating the accounting treatment of lease assets and liabilities. It’s about to go in effect for companies and, with that, it’s also eligible for testing on the Financial Accounting & Reporting (FAR) section of the CPA Exam starting January 1, 2019.
Wiley CPAexcel instructors Pam Smith and Don Deis have recorded an excellent video lecture that walks you through all the changes (big and small) coming to the FAR section in 2019, both from ASC 842 ad from several other updated accounting standards.
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