The lease accounting model is changing as a result of FASB Accounting Standards Update 2016-02, Leases (Topic 842), and the result could mean significant changes for your operations. Starting in 2019 (2020 for private companies), lessees will be required to recognize lease assets and liabilities on their balance sheet, which could affect everything from internal controls to debt covenants. Lessors may need to modify existing leasing arrangements and financial reporting processes. Our professionals make adopting the new leasing standard easier through our understanding of the accounting changes and of your unique circumstances. Knowing you and the changes in the lease accounting model inform our step-by-step approach to implementation, and provide you with the guidance and illustrative examples you can rely on to meet your new requirements.