Revised Lease Accounting Proposals to be Announced

by

Via the Journal of Accountancy

The Financial Accounting Standards Board and the International Accounting Standards Board said Thursday they will release details soon of their revised lease accounting proposals and invite comments.

The boards have reaffirmed the major changes to lease accounting, which will require lease obligations and the related right-to-use on the balance sheet of financial statements.

The AICPA has established a page where you can learn more about the FASB-IASB Convergence Project at the Financial Reporting Center on AICPA.org.

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