Heads Up — FASB proposes targeted improvements to leasing guidance

Published on: 02 Nov 2020

This Heads Up discusses the FASB’s recently issued proposed ASU that would make targeted improvements to three aspects of the leasing guidance in ASC 842: (1) sales-type leases with variable lease payments — lessor only, (2) the option to remeasure a lease liability — lessee only, and (3) modifications reducing the scope of a lease contract.

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