The new leasing standard brings several changes to lease accounting that will require all entities with leasing arrangements to adjust their current accounting practices. Rollout of the new standard begins in the 2019 calendar year, but the volume of leases that will be affected makes it critical that entities get a jump start on the transition process.
Understanding the Leasing Standard: Five Considerations for Adoption takes a deep dive into what's changed from existing U.S. GAAP. It details new definitions, what adjustments may be needed to comply with the new standard and provides examples of lease accounting to help illustrate those changes. Learn how you can be prepared for the new leasing standard.
Published on July 24, 2017