In 2016, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued new standards for lease accounting: IFRS 16 & ASC 842, which must be implemented by 2019. Both IFRS 16 and ASC 842 are the result of a joint effort between the IASB and FASB to meet the objective of improved transparency, comparability and financial reporting.
ASC 842 and IFRS 16 Lease Accounting is Different for Real Estate vs. Equipment
.gif?width=320&height=80&name=7-logo-30years%20(1).gif)





