FASB’s New Standard for Leases

Financial Institutions

May 01, 2016
by Brett Schwantes, CPA

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Brett Schwantes Brett Schwantes, CPA
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In February 2016, the Financial Accounting Standards Board (FASB) finalized its new standard for leases. This project began around 2006 as a joint project with the International Accounting Standards Board (IASB) to create an accounting standard that provides a more faithful representation of leasing transactions in financial reports.

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Length: 2 pages (PDF 61 kB)

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