The new Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) lease accounting standards will affect any entity that enters into a lease. Whether you’re a restaurant leasing equipment or a multimillion-dollar private company renting office space, your business accounting policies, procedures, controls, and systems will likely be affected by the new leasing accounting standards under FASB ASC 842 and IFRS 16.
Due to the complexity and sheer amount of work needed to fully comply with these new lease accounting changes, it’s important for your business to be ready for the inevitable transition period. Download more information to find out what you can expect from these lease accounting changes and how to properly prepare for them.
Crowe can help guide you through these new lease accounting changes. Contact us today to learn more about how the Crowe Lease Accounting Optimizer can help your business.