Viewpoints
Lease Accounting: Is Your Financial Institution Ready?
After two separate one-year delays, the new lease standard will finally go into effect for periods beginning after Dec. 15, 2021. Many financial institutions will be impacted due to maintaining operating leases for branches or equipment. If your institution hasn’t already, now is the time to begin preparing. Watch this on-demand webcast hosted by our Financial Institutions Group to gain insight on the new lease accounting standard, including:
- Core principles of the standard, including identification, recognition, measurement, presentation and disclosure requirements
- Best practices for related accounting processes and controls monitoring
- Financial statement impacts of new lease standard
- Common implementation questions
