FASB proposes to delay leases and revenue recognition standards due to coronavirus

The proposal would delay the effective date for one year for some private companies and nonprofits in applying the leases standard and for franchisor businesses in applying the revenue recognition standard.

Original Article Posted at : https://www.accountingtoday.com/news/fasb-proposes-to-delay-leases-and-revenue-recognition-standards-due-to-coronavirus