Tag: leases

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FASB Proposes to Defer Effective Dates of Major New Accounting Standards

The proposed ASU reflects a new FASB viewpoint about effective dates that would stagger the…

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Presentations and Disclosures for Lease Accounting

During deliberations for the standard, many users indicated that the existing disclosure requirements did not…

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Understanding the New Leasing Standard: Definition of a Lease

Under its core principle, a lessee will recognize right-of-use (“ROU”) assets and related lease liabilities…

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FASB Issues Clarifications to Leases Standard

The FASB issued ASU 2018-10 which affects narrow aspects of the guidance in ASU 2016-02, Leases (Topic…

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What You Need to Know About Lease Accounting
What You Need to Know About Lease Accounting

In February 2016, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) No.…

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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…

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