Operating Leases: Lessee and Lessor New Rules | Intermediate Accounting | CPA Exam FAR
Lessor Accounting for Sales-Type Leases (8:37)

An Overview of the FASB's New Leasing Standards



An Overview of the FASB's New Leasing Standards

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The FASB issued final guidance that requires lessees to put most leases on their balance sheets but recognize expenses on their income statements in a manner that is similar to today’s accounting. The guidance also eliminates today’s real estate-specific provisions for all entities. For lessors,