Blog by LeaseCalcs

FASB Votes & LeaseCalcs Upgrade – August 2014

By Marc Maiona | September 3, 2014
FASB Votes & LeaseCalcs Upgrade

Just last Wednesday, as the FASB voted to finalize additional aspects of the new lease accounting standards, LeaseCalcs rolled out another important upgrade to make lease accounting and lease analysis even easier. FASB Votes Among the important results of the FASB’s votes were decisions that will impact sale-leaseback transactions and the establishment of the discount rate non-public entities can use to calculate the asset and liability values reported on their balance sheets. Sale-Leasebacks – What You Need To Know: Under the new lease accounting rules for US-GAAP, if the “leaseback” piece of the sale-leaseback is classified as a “Type A”