How will FASB’s pending changes to GAAP surrounding accounting treatment for leases impact corporations?

The proposed changes to Generally Accepted Principles (”GAAP”), when accounting for real estate (and equipment) lease commitments, will significantly change recognition for leases that are now classified as operating leases.  Once codified by the Federal Accounting Standards Board (”FASB”), assets will then be classified predicated on a corporation’s “right-to-use” the leased property, whereas a lease liability will be classified based upon a corporation’s obligation to pay rent.

To view the entire white paper please Click Here

Responses are currently closed.