The Financial Accounting Standards Board (FASB) is one step closer to implementing new lease accounting standards that have been in the works for nearly five years. “This has been a long running saga that doesn’t have a defined ending to it quite yet,” says Richard Kadzis, a vice president at CoreNet Global, an Atlanta-based association for corporate real estate professionals. FASB released its second Exposure Draft on Lease Accounting rules last month. The latest ...
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