GASB vs FASB: The key differences between new US lease accounting standards

In this article, we look at GASB vs FASB and highlight the major differences between the GASB 87 and ASC 842 lease accounting standards. It is not intended as a comprehensive listing of all contrasting points. It likely came as good news for state and local government accountants that the Governmental Accounting Standards Board (GASB) … Continued

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