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FASB proposes lease accounting transition relief

Tammy Whitehouse | January 8, 2018

The Financial Accounting Standards Board has issued a proposed change to accounting standards that promises to ease the implementation of the new lease accounting standard, which takes effect in less than a year.

Titled “targeted improvements” to the new leasing standard, the FASB issued an Accounting Standards Update that makes some critical rollbacks to the pending new accounting that are intended to makes it easier for companies to bring virtually all of their leased assets and liabilities on to corporate...

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