Defining Issues | March 2018
The amendments create an additional transition method, and a lessor practical expedient for separating lease and non-lease components.
KPMG reports on decisions made by the FASB at its March 2018 meetings. The FASB approved amendments to create an additional transition method and a lessor practical expedient for separating lease and non-lease components; and decided to propose additional amendments to address operational issues for lessors related to sales taxes and lessee payments of lessor costs.
Applying the new leases standard
Defining Issues
FASB approves new transition method and lessor practical expedient for leases standard
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Defining Issues
Our collection of newsletters with insights and news about financial reporting and regulatory developments, incl. the Quarterly Outlook and FRV Weekly.
Leases
Our reporting, guidance and publications relevant to the FASB's new leases standard for lessees and lessors for all industries. KPMG specialists provide an in-depth look at ASC 842 implementation
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