FASB Fast-Tracks Lease Delay & Clarifies COVID-19 Accounting Issues
Thoughtware Alert
Published: Apr 08, 2020
FASB met on April 8, 2020, to address the most pressing issues stemming from COVID-19. This article includes details on a proposed one-year lease delay for private companies and all not-for-profit entities, including NFP conduit bond obligors that have not yet issued financial statements. Information on technical accounting issues and a proposed revenue delay for franchisors that are not public business entities also is included.
