FASB Proposed Lease Accounting Changes: Impacts on Commercial Real Estate
Introduction: The Financial Accounting Standards Board (FASB) on August 17, 2010 published its “exposure draft” that requires companies to record nearly all leases on their balance sheets as a “right-of-use” asset and a “right-of-use” asset. future lease – liability” corresponding. . What does this mean for your business in simple terms? This proposal, in essence,…