Heads Up — FASB makes targeted improvements to leasing guidance for lessors with leases containing variable lease payments

Published on: 27 Jul 2021

This Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2021-05, Lessors — Certain Leases With Variable Lease Payments. The ASU requires a lessor to classify a lease with variable lease payments that do not depend on an index or rate as an operating lease on the commencement date of the lease if specified criteria are met.

Download

Heads Up — FASB makes targeted improvements to leasing guidance for lessors with leases containing variable lease payments Image

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.