How Leasing Standards Will Change Under the New FASB Requirements

Traditionally operating leases were mere footnotes in the financial statement, with limited impact on the liabilities assessed by investors and potential creditors.

The ASC 842 rules from the Financial Standards Accounting Board change all of that: As of January 1st, 2019, the right to use the leased asset is recognized as an asset side item—meaning companies need to marshal their resources and technology to incorporate the new disclosures.

Is your company prepared to ensure compliance and to mitigate risk under these standards?

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