By Renae Kinney, GreatAmerica – The Financial Accounting Standard Board (“FASB”) issued a new lease accounting standard in February 2016 in an effort to improve transparency of “off-balance sheet” obligations. The new lease accounting standard is also commonly known as “Topic 842.” Just recently, FASB has issued updated guidance delaying the effective date of the new lease accounting … Continue reading FASB Lease Accounting Changes Update: Here’s What You Need To Know