FASB Scopes Out Lessors From Leasing Project; Nears Proposal on Disc Op's

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By Edith Orenstein, FEI Financial Reporting Blog - FASB voted at its July 23 meeting to scope out lessor accounting and focus on lessee accounting, in its current joint project on leasing with the IASB.

Separately, FASB discussed its upcoming amendments of various standards relating to the definition of, and disclosures relating to, discontinued operations.

Read more details from the FASB meeting here.

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