FASB and IASB Continue to Work on New Lease Accounting Guidance
December 20, 2016
By Ted Blendermann, CPA, CFP In May 2013, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) (collectively “the Boards”) released revised exposure drafts for the proposal of new lease accounting guidance. If the 2013 proposal is adopted in final form, the guidance will require balance sheet recognition of...