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FASB finalizes minor edits to major new lease rules

Tammy Whitehouse | March 5, 2019

As companies are about to begin reflecting new lease accounting rules, the Financial Accounting Standards Board has approved some minor edits intended to assure a smooth transition to the major new standard.

FASB issued Accounting Standards Update No. 2019-01 to address small changes to Accounting Standards Codification Topic 842 on leases, which brings virtually all lease-related assets and liabilities on to corporate balance sheets this year. ASU 842 ...

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