Defining Issues | August 2018
KPMG reports on the FASB’s proposed ASU on narrow-scope improvements for lessors
KPMG reports on the FASB’s proposed ASU on narrow-scope improvements for lessors. The proposed amendments address operational issues for lessors related to sales taxes, lessee payments of lessor costs, and variable payments in contracts with lease and non-lease components.
The proposed ASU would:
FASB approves changes to lessor accounting
Download PDFHandbook: Leases
Latest edition: Our in-depth guide to ASC 842 – with Q&As, interpretive guidance and examples.
FASB approves targeted improvements to leases standard
The amendments create an additional transition method, and a lessor practical expedient for separating lease and non-lease components.
Financial reporting impacts of COVID-19
Guidance, updates and news covering financial reporting impacts of COVID-19
Receive the latest financial reporting and accounting updates with our newsletters and more delivered to your inbox.
Access our accounting research website for additional resources for your financial reporting needs.