FASB Lease Compliance
Helping with Changes in Lease Accounting and Reporting
This is a time-sensitive issue. The new accounting standards take effect for fiscal years beginning after December 15, 2018 for public companies and one year thereafter for private companies.
If you haven’t already started, now is the time. Scribcor can help you comply by advising you on all functions that touch leasing – from procurement to finance to operations to real estate and provide manpower, guidance and technical support to bolster your team.
Be careful and consider the makeup of your leased assets. Some portfolios contain primarily real estate assets. Some may be heavy into fleet, railcar, technology or other equipment. Each will have unique challenges that require unique solutions.
This issue requires a skilled partner to navigate this complex change and create a customized solution that works best for you. Whether you need assistance evaluating potential software solutions, gathering and entering data or abstracting leases, we are your ideal project partner.