Understanding the New Lease Accounting Standard
After almost 10 years of planning, the Financial Accounting Standards Board, in 2016, issued sweeping changes to the way in which leases would be accounted. The new standard affects corporations that enter lease arrangements and will bring trillions of dollars in liabilities to US balance sheets. Bloomberg Financial Accounting has been integral in providing the market with challenging information accountants need to know.
The following special report includes news and analysis from Bloomberg Tax Financial Accounting, breaking down the lease accounting rules and providing a look into what to expect on these issues in the coming months.