New Lease Discount Rate Relief for NFPs & Private Companies
Thoughtware Article
Published: Nov 17, 2021
On November 11, 2021, FASB issued Accounting Standards Update (ASU) 2021-09, Leases (Topic 842), Discount Rate for Lessees That Are Not Public Business Entities, to provide relief to private companies, all not-for-profit (NFP) organizations (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 842. This article provides details on the new relief.
