Thomson Reuters has released an overview of the Financial Accounting Standards Board's (FASB) proposed accounting standards for leases.
The report covers topics such as:
- Scope of the new guidance on leases
- Definition and classification of a lease
- New accounting models for lessees and lessors
- Measurement of lease transactions
- Presentation and disclosure provisions
- Sale and leaseback transactions
To download the free Thomson Reuters Checkpoint report, click here.