United States

FASB Sets 2019 Effective Date for New Leases Standard

Nov 12, 2015
From the Financial Reporting View

This edition of Defining Issues reports that at its November 11 meeting, the FASB set the effective dates of the new leases standard and decided to permit early adoption. The FASB also discussed cost-benefit considerations and a follow-up issue related to lease classification to complete its due process. The FASB plans to issue a final leases standard in January 2016.

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