The Financial Accounting Standards Board (FASB) released a new set of lease accounting standards, known as Accounting Standards Codification (ASC) 842, which went into effect earlier this year.
Structuring Strategies for Off-Balance-Sheet Treatment of Real Property Leases
The Financial Accounting Standards Board released a new set of lease accounting standards, ASC 842, which went into effect earlier this year. Most significantly, publicly traded companies are now obligated to list all leases of 12 months or longer on their balance sheets as both assets and liabilities. Large private companies will follow suit in 2020.
By
Jun Kwon
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