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2018

December 7, 2018 — FASB Votes to Issue Proposed ASU on Two Codification Improvements to New Leasing Standard

Deloitte Accounting Journal
December 7, 2018

FASB Votes to Issue Proposed ASU on Two Codification Improvements to New Leasing Standard

At its December 4, 2018, meeting, the FASB added a project to its technical agenda on Codification improvements to ASC 8421 for the following two issues:
  • Fair value of the underlying asset by lessors that are not manufacturers or dealers.
  • Statement of cash flows presentation for sales-type and direct financing leases.

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