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WebLease Accounting Milestone Planner Take the proven path to achieve FASB and GASB compliance. We've helped more than 700 companies achieve compliance with FASB and … WebJun 3, 2024 · Leasing Standard In November 2024, the FASB issued ASU 2024-10, 6 which amended the effective dates of certain major new accounting standards, including ASC 842, to give implementation relief to certain types of entities. Webus Leases (ASC 840) ARM 4650.12 .12 ASC 840, Leases Most of the authoritative guidance related to accounting for leases can be found in ASC 840. ASC 840 provides comprehensive standards of financial accounting and reporting for leases by both lessees and lessors. ri tax phone number