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FASB-IASB Convergence
The ongoing efforts by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) to align their accounting standards and practices.
Lease Accounting
The process of recording and reporting financial transactions related to leases in the company's financial statements, following specific accounting standards.
U.S. GAAP
United States Generally Accepted Accounting Principles, a set of accounting rules and standards used in the United States for preparing financial statements.
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