Many of your leases may need to be reclassified.
Is your business ready to comply with the new lease accounting standards?
ASC 842 and IFRS 16 are new standards issued by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) that fundamentally change the rules governing accounting for leases in order to add transparency.
Some businesses will need to be compliant with these new requirements by the end of 2018, so it’s important that your organization knows which of its contracts are still classified as leases and how to reclassify leases under the new standards.
Download the report to learn:
- What kinds of businesses or organizations fall under the jurisdiction of new lease accounting standards.
- Which of your business’ contracts are classified as leases under new lease accounting standards.
- What businesses are expected to do with their leases in relation to balance sheets under new lease accounting standards.