Deloitte US Dbriefs Webcast: Bring it on—Discussing the FASB’s new leases standard
Provisions of the FASB's new standard, ASU 2016-02, Leases, introduces a lessee model that brings substantially all leases onto the balance sheet. Also, while retaining most of the principles of the existing lessor model in US GAAP, the new standard aligns many of those principles with ASC 606, Revenue from Contracts with Customers. Learn about the FASB’s new lease accounting guidance and associated implementation challenges.