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FASB proposes lease rule simplification for lessors

Tammy Whitehouse | August 15, 2018

The Financial Accounting Standards Board has taken another step to make the adoption of the huge new standard on lease accounting a little simpler—this time for lessors.

FASB has issued a proposal to update Accounting Standards Codification Topic 842 on leases that is intended to reduce the cost and complexity of implementing the new leasing standard, especially for lessors, or companies that provide property or equipment to lessees via lease contracts. The board earlier approved changes meant to make the accounting easier for lessees,...

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