New FASB/IASB lease accounting standards are in effect for public companies as of 2018, and in 2019 for both private companies and not-for-profit organizations.
These changes affect how leased assets are reported in a company’s financial statements. Under the new rules, all leased assets, from office space to copiers, must be accounted for at an asset-level basis (except in very limited circumstances).
Contact Scribcor Global to get expert advice and execution to make sure your organization has achieved proper compliance.
Contact Scribcor Global
We’re always happy to talk lease administration. If you’d like more information about our services, or have a question, or just need some helpful advice on how to get started, just send us a note and we’ll get right back to you. There’s never any pressure or obligation and your contact information is kept confidential.
