Lease Accounting Newslettter
August 2, 2018
Lease Accountitng Newsletter
FASB officially approves targeted improvements for ASC 842
The FASB has issued two updates to the lease accounting standard that attempt to reduce the costs and complexities associated with ASC 842, including the optional new transition method that does not require lessees to restate the comparative period. From Journal of Accountancy.
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Can lease accounting rules unlock operational benefits? Absolutely!
Implementing the new lease accounting standard will require a major organization-wide effort, but there are also beneficial aspects of implementation that will arise from a well-organized and efficient lease program. From CFO. 
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FASB issues 16 minor updates to ASC 842 standard
The FASB issued 16 minor amendments to ASC 842 that seek to address stakeholder concern about implementation by improving and clarifying narrow aspects of the guidance. From Accounting Today. 
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KPMG Survey: Insights on how to tackle the upcoming lease accounting deadline
KPMG released a survey covering the lease accounting standards implementation progress of almost 400 companies. The survey reveals the key challenges companies are still struggling with. From KPMG.
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Fortune 1000 Lease Obligations Ranking

New Study Ranks Largest Public Company Lease Obligations

Who in the Fortune 1000 will be most impacted by the new lease accounting standards? Find out where your company's operating lease obligations rank among the largest US public companies.

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