On Wednesday, Oct. 16, the Financial Accounting Standards Board (FASB) voted unanimously to delay the effective dates for private companies and some other entities for standards on accounting for leases, credit losses and hedging.
One of the advantages of the delay, FASB members commented, is that it will allow preparers with limited staffing to learn from the implementation performed by large companies that possess more resources.
See how (and when) the FASB effective dates will impact your company.