Why Is There A New Lease Standard?

March 7, 2017 at 4:12 PM / by LeaseCrunch® posted in New Lease Standard, IFRS, Lease Payments, FASB

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The new U.S. lease standard, ASC 842, is required for public companies starting their fiscal year after December 15, 2018 and all other companies starting their fiscal year after December 15, 2019. Internationally, the cousin of ASC 842 is IFRS 16, which is effective for annual periods beginning on or after January 1, 2019.

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