Mortgage
FASB Update on Lease Accounting
Articles by: Richey May, Feb 02, 2017
February 2017
After many years of debate, the FASB has issued the Accounting Standards Update, Leases, (Topic 842) in order to increase transparency and comparability by recognizing leases as a lease asset and a lease liability on the balance sheet. To help you better understand the impact of this standard on mortgage banking companies, our industry experts at Richey May have published the following white paper: