PwC responds to FASB’s proposed narrow-scope improvements for lessors

Start adding items to your reading lists:
Save this item to:
This item has been saved to your reading list.

Comment letter , PwC US Sep 10, 2018

The FASB proposed improvements to make it easier for lessors to adopt the new leases standard. Find out what we think.


PwC filed a response letter expressing support for the FASB’s proposal to make narrow-scope improvements to how lessors adopt the new leases standard. The proposed amendments provide a new accounting policy election that will permit lessors to not evaluate whether certain sales taxes and other similar taxes are costs of the lessor or costs of the lessee. It also requires lessors to exclude certain costs paid directly by lessees to third parties on behalf of the lessor when those costs are not readily determinable by the lessor. The FASB’s proposal also clarifies the guidance for the recognition of variable payments for contracts with lease and nonlease components.

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

Follow us