The new leasing standard

• Autores: John D. Rossi
• Localización: Strategic Finance, ISSN-e 1524-833X, Vol. 98, Nº. 2, 2016, págs. 23-24
• Idioma: inglés
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• Resumen

  • AFTER MORE THAN A DECADE of research and deliberation, the Financial Accounting Standards Board (FASB) issued its new lease accounting standard, Accounting Standards Codification® Topic 842, Leases, on February 25, 2016. The objective of the new leasing standard is to eliminate the estimated $1.25 trillion in offbalance- sheet financing found in most operating leases, address concerns from the 2005 Securities & Exchange Commission (SEC) report on offbalance sheet activities, provide more robust information in the disclosure notes about operating leases, and increase transparency and comparability across organizations.