Viewpoints
Ready or Not – Lease Accounting Standards Are Here
Now that the new lease accounting standard is effective for all organizations and companies, its time to assess your preparedness for adoption. Starting with reporting for calendar year-end entities, the Dec. 31, 2022, financial statements will be the first time the lease accounting standard will make its required debut. With time running out, watch this on-demand webcast, where we cover standard changes, adoption tactics, implications, system options and what you can be doing now ahead of year-end to prepare for a successful implementation.
Learning Objectives
Walk away with a better understanding of:
- The difference between current and new lease accounting standards
- Core principles of the standard, including identification, recognition, measurement, presentation and disclosure requirements
- Impact of the new standard on financial reporting
- Key considerations for its adoption and issues that may arise
- Solutions to common implementation questions
- Benefits of leveraging a lease management software system