FASB recently proposed to improve three targeted areas of its lease accounting guidance.
The proposed amendments are in response to feedback from public company stakeholders based on their experiences applying the leases standard, FASB Chair Richard Jones said in a statement.
One proposal amendment would provide the option for lessors to remeasure lease liabilities for changes in a reference index or a rate affecting future lease payments at the date that those changes take effect. See more.
FASB will accept comments about the proposed amendments through Dec. 4.