8 Things You Need to Know about the New Lease Accounting Rules


After 10 years in the making, the Financial Accounting Standards Board (FASB) issued new rules regarding the financial reporting of leases. The amendments included in this guidance are intended to address criticisms of existing accounting and reporting rules and increase overall transparency and comparability of financial statements.  OMA Connections Partner, Clark Schafer Hackett, discusses 8 things you need to know regarding the new rules.  9/1/2016