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FASB discusses improvements to guidance on leases

  • FASB meeting Image

Jan 25, 2018

At its January 24, 2018, meeting, the FASB discussed comments received on its September 2017 proposed ASU, “Technical Corrections and Improvements to Recently Issued Standards: II. Accounting Standards Update No. 2016-02, Leases (Topic 842).”

At this meeting, the FASB made tentative decisions related to:

  • Transition guidance related to leases acquired as part of a business combination.
  • Lessor recognition of variable payments for nonlease components.
  • Other feedback received on the proposed ASU.

The Board directed its staff to begin drafting a final ASU for a vote by written ballot.

For more information, see the meeting minutes on the FASB’s Web site.

Correction list for hyphenation

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