Update On The Current State of Lease Accounting For Financial Reporting Purposes

Update On The Current State of Lease Accounting For Financial Reporting Purposes By William Redpath March 23, 2021 The portion of United States financial accounting standards that involves lease accounting has recently undergone major changes. Right-of-use leases, including IRUs (Indefeasible Rights of Use), are important assets to telecommunications companies, including those involved with submarine cables [...]