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Preparing for the New Leasing Standard and Other Developments from Q4 2015

The New Year promises broader changes from the FASB, however.  Major projects, including the Leasing Standard have been approved and are pending publication in early 2016. 

FASB Sets Dates for New Leasing Standard

During a meeting on November 11, the FASB set the effective dates for the new leasing standard, which will affect how organizations record lease obligations in their balance sheets.

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