Today (Feb. 25) the Financial Accounting Standards Board (FASB) released ASU 2016-02, the final version of the new lease accounting standard. In the Accounting Standards Codification, this is designated Topic 842 (the prior standard, FAS 13, was designated ASC 840). The release, available on the...
February 25 2016
Several articles have been released discussing the FASB's new lease accounting standard:
New York Times: Post-Enron Accounting Rule Requires Companies to Report Leases
Wall Street Journal: New Rule to Shift Leases Onto Corporate Balance Sheets
Wall Street Journal (CFO blog): A Silver Lining...
February 25 2016