{"id":1293,"date":"2018-06-07T08:15:11","date_gmt":"2018-06-07T12:15:11","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=1293"},"modified":"2018-06-07T08:15:11","modified_gmt":"2018-06-07T12:15:11","slug":"lease-accounting-early-adopters-on-target","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/lease-accounting-early-adopters-on-target\/","title":{"rendered":"Lease Accounting Early Adopters \u2013 On Target!"},"content":{"rendered":"<p>As many of us work on implementing the new ASC 842 lease accounting standard it is always helpful to learn from early adopters.\u00a0 As we have mentioned before, Microsoft early adopted as of July 1, 2017.\u00a0 You can find their adoption disclosures in <a href=\"https:\/\/microsoft.gcs-web.com\/node\/25001\/html\">this Form 10-Q<\/a>.<\/p>\n<p>Thanks to Reed Wilson, who leads our \u201cImplementing the FASB\u2019s New Lease Accounting Standard Workshop,\u201d here is another early adopter example,<strong>Target<\/strong>.\u00a0 As you review <a href=\"http:\/\/investors.target.com\/phoenix.zhtml?c=65828&amp;p=irol-SECText&amp;TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTEyMjgxMzM3JkRTRVE9MCZTRVE9MCZTUURFU0M9U0VDVElPTl9FTlRJUkUmc3Vic2lkPTU3\">this Form 10-Q<\/a>, you will see that they have included extensive disclosure about the impact of adoption of the lease and revenue recognition standards.\u00a0 They have also made decisions to include operating lease assets in other assets on the balance sheet.<\/p>\n<p>It is always nice to have a trail-blazer to follow!<\/p>\n<p>And, as always, your thoughts and comments are welcome!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As many of us work on implementing the new ASC 842 lease accounting standard it is always helpful to learn from early adopters.\u00a0 As we have mentioned before, Microsoft early adopted as of July 1, 2017.\u00a0 You can find their adoption disclosures in this Form 10-Q. Thanks to Reed Wilson, who leads our \u201cImplementing the &hellip; <a href=\"https:\/\/seciblog.pli.edu\/index.php\/lease-accounting-early-adopters-on-target\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Lease Accounting Early Adopters \u2013 On Target!<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[217],"tags":[],"coauthors":[154],"class_list":["post-1293","post","type-post","status-publish","format-standard","hentry","category-fasb-new-lease-accounting-standard"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1293"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1293\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1293"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=1293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}