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About the lease accounting: What is the new rule proposed by FASB?When is the date?What are the latest updates? Why is the FASB doing this?

About the lease accounting:

  • What is the new rule proposed by FASB?When is the date?What are the latest updates?
  • Why is the FASB doing this?
  • How is it different/similar to the old rules
  • Which industries are impacted?
  • How will the new rules impact the financial statements?
  • Who are the people affected (investors, accountants, auditors)?How?

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