New FASB Lease Rules: 2018 Closer Than It Seems


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Using discounted cash flow to analyze lease deals won’t work under the new rules, Moynihan says.

ATLANTA—In May 2013, the Financial Accounting Standards Board and the International Accounting Standards Board issued a revised exposure draft of their proposed changes to lease accounting rules. The revised draft came nearly three years after the original exposure draft, which conveys some sense of how long the two groups have been working on this project.

With such a protracted time frame, it may have seemed to many that the brave new world of lease accounting would never actually become reality. Yet as FASB and IASB edge closer to completing the new accounting regimen, Sean Moynihan, Gary Hubbard and other experts at Avison Young warn that the effective date of the new rules—2018—is closer than it seems, and the time to begin preparing is now…

New FASB Lease Rules: 2018 Closer Than It Seems

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