The New Lease Accounting Standard – How Recordkeeping Will Evolve

It has now been two years since the Financial Accounting Standards Board (FASB) issued its final standard (Topic 842), which delineates the changes that will be made to lease accounting. The changes were debated for a number of years and, due to the significance of the changes, the FASB applied a rather long adoption period: … Continue reading The New Lease Accounting Standard – How Recordkeeping Will Evolve