FASB Leasing Update: Five CFO Action Items

FASB Leasing Update: Five CFO Action Items

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The Financial Accounting Standards Board’s issuance yesterday of its updated lease accounting standard ushers in a new era in which companies will recognize most leases on their balance sheets. This change will increase reported assets and liabilities for companies across all sectors – in some cases very significantly, with trillions of dollars of lease obligations expected to move onto balance sheets by January 2019.

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