The FASB’s New Guidelines and Their Effect on Leasing Arrangements
How Will the FASB’s New Guidelines Impact Your Accounting?
New guidelines from the Financial Accounting Standards Board (FASB) require lessees to recognize most leases on their balance sheet through a right-of-use (ROU) asset and corresponding lease liability. This could impact your ratios and certain covenants.
To read FASB’s New Guidelines please click here.