FASB hoping to issue lease accounting standard by February 29, 2016

The Financial Accounting Standards Board


Feb. 9: New U.S. lease accounting rules that will leave deep impacts on many companies’ balance sheets are expected to be issued in the last week of February, sources at the Financial Accounting Standards Board told Bloomberg BNA.

FASB hopes to issue the final lease accounting standard after the trustees of the board’s parent group, the Financial Accounting Foundation, meet Feb. 23 and by the end of Feb. 29, the sources said.

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