Recent Changes by FASB to the New Lease Accounting Standard

With the January 1, 2019 deadline to comply with FASB’s new leasing standard quickly approaching, FASB’s decision to tweak the new leasing rules has been a relief for many companies. The changes and proposed changes, which were announced last week, address the most pressing implementation concerns for those preparing financial statements.   Read more about…

Heard on the Street

Many large companies are considering early implementation of ASU 842 – the new lease accounting rules.  As examples, both Target and Microsoft have disclosed in their 10Ks that they are shooting for implementation this year instead of 2019 if they can get their systems solutions ready.  The reason is they want to combine the transition…