Heads Up — FASB defers effective dates of revenue and leasing standards for certain entities

Published on: 03 Jun 2020

This Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2020-05, Revenue From Contracts With Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities. The ASU amends the effective dates of the Board’s standards on revenue and leasing to give immediate relief to certain entities as a result of the widespread adverse economic effects and business disruptions caused by the coronavirus disease 2019 pandemic.

Download

Heads Up — FASB defers effective dates of revenue and leasing standards for certain entities Image

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.