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.


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