Rule Change Heightens Short-Term Lease Appeal

by Knotel: May 7, 2018

Knotel and other providers of flexible office space have found an unexpected ally: the Financial Accounting Standards Board, commonly known as FASB.

Currently, companies aren’t required to include real estate leases on their balance sheets. That will change by the end of 2018, thanks to an accounting standards modification that’s designed to improve financial reporting about leases.

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