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. Image

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.

March 13, 2019

Scribcor

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 to get expert advice and execution to make sure your organization has achieved proper compliance.

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