Are FASB’s new lease accounting rules causing your company’s financial statements to hang in the balance (sheet)? After 10 years in the making, the Financial Accounting Standards Board (FASB) issued comprehensive changes regarding the financial reporting of real estate and equipment leases. While the effective date of these amendments may be several years away, companies should familiarize themselves with the changes now and begin to assess the impact they will have on financial statements.
Clark Schaefer Hackett’s Brad Eberhard & Patrick Hinker discuss:
• FASB’s new leasing standards and how they differ from prior authoritative guidance
• How the changes could impact your organization’s financial statements
• How & when to begin the implementation process