This RubinBrown Focus on Lease Accounting is the fourth in a series of
articles on the new accounting guidance for leases, Accounting Standards
Codification Topic 842, Leases (ASC 842). In this series, we
will explore different aspects of the new standard. Please contact a
member of your RubinBrown team for more information and ways that we may
be able to help you.
On July 13, 2021, the Department of Education (ED) published a Dear Colleague Letter (
GEN-21-05)
changing the verification requirements for the 2021-2022 FAFSA
processing and verification cycle, including eliminating the requirement
for “V1” verification requirements by all higher education
institutions.
This RubinBrown Focus on Lease Accounting is the third in a series of articles on the new accounting guidance for leases, Accounting Standards Codification Topic 842, Leases (ASC 842).
On June 23, 2021, the Department of Education posted a proposed new data collection form for HEERF I, II and III.