Author Archives: Christine Koenig

New Accounting Standard Brings Big Changes to Lease Reporting on Financial Statements

The Financial Accounting Standards Board (FASB) has issued its long-awaited update revising the proper treatment of leases under U.S. Generally Accepted Accounting Principles (GAAP). Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), will affect companies that lease real estate, … Continue reading

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