FASB Accounting Standards Update 2016-02 Leases
In February, the Financial Accounting Standards Board (FASB) issued its long-awaited changes to lease accounting. Although accounting for lessors was left largely unchanged, the new guidance will likely impact all lessees! Most leases that were historically classified as operating leases and excluded from the balance sheet will now be included on lessees’ balance sheets as “right-of-use assets.”
During this complimentary webinar we will focus on why this update was issued and all of the questions you want answered, including:
- Who is affected by the new amendments
- How main provisions differ from current GAAP principles
- Why the new amendments are an improvement
- When the new amendments will be effective
- How the provisions compare with IFRS
- And more!
So, if you’re interested in hearing all about the new update and how it will impact your financial institution, join us on AUGUST 23rd at 2pm (EST) as we walk you through key changes, practical application and relevant implications resulting from FASB Accounting Standards Update 2016-02 – Leases.