February 9, 2023
The Lease Accounting Policy has been updated with a July 1, 2022 revision date. The changes to the policy reflect FASB regulations and expands on definitions as well as lease types for both Harvard as the lessee or lessor. The financial lease assessment threshold has also been increased. A summary of the changes can be found under the policy quick view menu.
Contact the Associate Director of Financial Reporting or your tub analyst with questions.