Cover up feature in ASC

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Aug 6th, 2022

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Upload your ASC file into your DocHub profile.
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Use robust editing tools to make any changes to your record.
Once completed, click Download/Export and save your ASC to your device or cloud storage.
Store your files in your Documents folder for quick access from any device.

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How to cover up feature in ASC

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good morning everyone i want to thank you for joining our webinar on implementing the new lease accounting standard today so we started this series last year and went end to end on adoption and you know based on what weamp;#39;ve seen uh we decided that we needed to restart this in the new year here uh subsequent to the 21 audit season and really go end to end again to run through it and you will see that the chat function is disabled but the q a function is working so if you have questions please put those into the q a and we will try to get to those during the presentation if we donamp;#39;t uh we will be following up with you uh directly after this and this is being recorded and the slides in the link to the recording are going to be sent out uh hopefully later today or first thing tomorrow as you can see on this slide iamp;#39;m iamp;#39;m joined by my partner kevin shives today and then iamp;#39;ve also got joe brunell from our audit department um on the call with us today we

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

How are warrants classified under ASC 480?

As discussed in ASC 480-10-55-33, a warrant on redeemable shares (i.e., puttable or mandatorily redeemable shares) is a liability within the scope of ASC 480 because it creates a conditional obligation for the reporting entity to repurchase its shares for cash (or other assets).

What is the difference between ASC 480 and ASC 815?

In particular, ASC 480-10 applies only to freestanding instruments, whereas ASC 815 provides guidance for hybrid instruments, i.e., contracts comprised of a host such as a debt instrument and an embedded feature such as a conversion option.

What is ASC 480?

us Financing guide. The guidance in ASC 480 applies to freestanding equity and equity-linked financial instruments and requires a reporting entity to classify certain freestanding financial instruments as liabilities (or in some cases as assets).

Which items is required to be accounted for under ASC 815?

ASC 815 requires that all derivative instruments within its scope (including embedded derivatives that have been separated from their host contracts for accounting purposes) be recognized and subsequently measured on the balance sheet at fair value in ance with ASC 820, Fair Value Measurement, regardless of

What is ASC 718 accounting standards codification?

ASC 718 is an abbreviation of Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 718, CompensationStock Compensation. That is a mouthful, but the basic purpose of ASC 718 is to outline how companies should expense equity awards in their income statements.

What is ASC topic 815?

2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, which made targeted improvements to the hedge accounting model with the objective of improving the financial reporting of hedging relationships to better portray the economic results of an entitys risk management

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