Category Archives: Lease Accounting Update

Lease Accounting Update [REPORT]

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FASBProposed Changes
The Federal Accounting Standards Board (FASB) voted on Wednesday November 11, 2015 to approve a set of long-awaited rules requiring companies to account for most leases directly on their balance sheets. Currently, lease obligations are reported within the footnotes of financial statements, as opposed to being included in the actual balance-sheet numbers, which… Read More