The FASB’s new lease accounting standard ushers in a new era and affects organizations across all industries that use leases for real estate, equipment, fleet, and automobiles, among others.
A report from KPMG describes the new standard in a step-by-step process, and explains what the requirements really mean, provides examples, and includes observations about the requirements and implications.
Read an April 2016 report prepared by KPMG LLP: Issues In-Depth: Leases: A Step Closer to Understanding
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