View the FASB video about the need for a new leasing standard "Putting Leases on the Balance Sheet" (you will probably need to "Load More" at the bottom of the page, and keep doing so until you see the short video " FASB Accounting Standard Update - Leases: Putting Leases On the Balance Sheet ").

Also review the FASB Accounting Standards Update 2016-02 Leases (Topic 842) at FASB Standards Updates (scroll down to Update 2016-02) as well as other articles that you locate.

Answer the following questions:

How significant do you believe this change is to the lease coverage in our current textbook?

Specifically, what do you think will be impacted in U.S. company financial statements as a result of the change?

How do you think U.S. business managers might change their leasing operations as a result of this new accounting method?

https://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176156828276

https://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176156316498