Manufacturing and Distribution Newsletter July 2016

Accounting Standards Update for Leases

In 2006, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) embarked on a project to increase the transparency and comparability of financial information amongst organizations as it relates to leases.  The lease project was part of FASB and IASB’s convergence project to more align U.S GAAP and international accounting standards.

Learn how the new standards will change your company’s accounting procedures and the latest news from Anders.