In this white paper, learn what the ASC 842 rule changes require, how reagent lease/rental agreements are affected and what to do about it.
Changes to FASB rules
New updates to lease accounting rules in FASB ASC 842 have major ramifications for healthcare organizations. The bulk of embedded leases within agreements now need to be identified and recorded on balance sheets in a specific manner—failure to do this could result in material financial misstatements.
Learn the 3 steps to bring lease agreements into compliance:
- Determine what is and isn’t a lease
- Separate the lease and non-lease components
- Optimize and track leases