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FASB offers views on lease accounting questions

Tammy Whitehouse | November 14, 2016

The Financial Accounting Standards Board says it is getting lots of technical questions on how to apply the new leasing standard, so the board took the unusual step of offering some informal, high-level feedback and is planning to say something more formally before the end of 2016.

The new leasing standard, issued by FASB earlier this year, takes effect in 2019, the year after companies are to adopt new accounting requirements for revenue recognition. While the leasing standard is not as huge in terms of the technical accounting change, it...

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