Discount Rate Lease Relief Approved for NFPs & Private Companies

Thoughtware Article Published: Sep 26, 2021
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At a FASB meeting on September 15, 2021, board members approved issuance of a final accounting standards update (ASU) to provide relief to private companies, all not-for-profit (NFP) entities (whether or not they are conduit bond obligors), and all employee benefit plans in determining the discount rate to use under the new lease guidance in Accounting Standards Codification (ASC) 842. This article provides details on the ASU.

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