In February 2016, the Financial Accounting Standards Board (FASB) issued the new standard on leases – Accounting Standards Update (ASU) 2016-02. After some delay, the adoption of the new lease
In May 2014, the FASB issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). Since then, there have also been several amendments to the ASU that