Are You Fully Prepared for the New Lease Accounting Standards?
For decades, accounting for leases in the U.S. has remained relatively unchanged. However, before we know it, that statement will no longer hold true.
The Financial Accounting Standards Board’s (FASB’s) new standard released early last year will require lessees to record leases on the balance sheet as both liabilities and assets. This change will have a drastic impact not only on your company’s leasing practices, but also on your operational processes and capital structure. That being said, it’s important to start planning NOW to ensure you have a solid understanding of the new accounting rules and how they will realistically impact your organization.
During this presentation, we will discuss the changes that are on the horizon and how they are expected to impact the way we account for leases, focusing primarily on the lessee’s perspective. We’ll also describe how to best transition from the old standard to the new one, as well as walk through specific examples to better illustrate the changes.
During this complimentary webinar, we will cover:
- Why the change,
- The scope of the new changes,
- Difference between existing and new standards,
- Misconceptions about the new rules,
- Detailed examples,
- And more!
Fill out the download form and access a copy of the recording today!