With IASB Leasing Rule Final, FASB Calls on US Companies to Plan Adoption
As the IASB has released its final leasing standard, FASB is now calling on U.S. companies to begin planning to adopt FASB’s incoming lease rules. The board is retaining an accounting model that contemplates two types of leases similar to the way they are categorized in GAAP currently; on the ...
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Companies Prep for FASB’s New Take on Leases
Still knee-deep in preparing for the massive new revenue recognition standard, public companies have plenty of reason to start revving up now for another major accounting change on the horizon—the new leasing standard. “As soon as possible—even prior to the issuance of the new leases standard—preparers should consider creating a ...
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