FASB's New Leasing Standard

FASB’s New Leasing Standard

The FASB’s highly-anticipated leasing standard, Leases (Topic 842), was released earlier this year. Under its core principle, a lessee will recognize lease assets and liabilities on the balance sheet for all arrangements with terms longer than 12 months. Lessor accounting remains largely consistent with existing U.S. GAAP.

Download our whitepaper, FASB’s New Leasing Standard – Leases (Topic 842), for our comprehensive guide to this new standard.

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