FASB Lease Accounting Changes Draw Closer

FASB Lease Accounting Changes Draw Closer

The Financial Accounting Standards Board (FASB) is one step closer to implementing new lease accounting standards that have been in the works for nearly five years.

“This has been a long running saga that doesn’t have a defined ending to it quite yet,” says Richard Kadzis, a vice president at CoreNet Global, an Atlanta-based association for corporate real estate professionals. FASB released its second Exposure Draft on Lease Accounting rules last month. The

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