New Lease Relief Coming – Variable Payments & Discount Rate

Thoughtware Alert Published: Apr 20, 2021
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In October 2020, FASB issued an exposure draft soliciting feedback on potential improvements to Accounting Standards Codification 842, Leases. FASB has finished deliberating on the three proposed improvements, as well as an additional agenda request that will result in a final accounting standards update on variable lease payments and an exposure draft on discount rate relief for private companies and nonprofit companies. 

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