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FASB discusses lessor accounting

  • FASB meeting Image

Nov 01, 2018

At its October 31, 2018, meeting, the FASB discussed its project on narrow-scope improvements to lessor accounting.

The Board made tentative decisions related to (1) sales taxes and other similar taxes collected from lessees, (2) lessor costs, (3) recognition of variable payments for contracts with lease and nonlease components, (4) transition and effective date, and (5) cost/benefit analysis. In addition, the Board directed its staff to begin drafting a final ASU for a vote by written ballot.

For more in­for­ma­tion, see Deloitte’s related journal entry as well as the meeting minutes on the FASB’s Web site.

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