A lot is changing in lease accounting with 2019 underway. From January 1, 2019, the Financial Accounting Standards Board (FASB), Governmental Accounting Standards Board (GASB), and the International Accounting Standard Board (IASB) will have new standards, ASC 842, GASB 87, and IFRS 16 respectively. This immediately raises a number of issues. For example, to what extent will these new standards affect the balance sheets and operational management of your organization?
Download a free copy of this FAQ to get an overview of five frequently-asked questions about lease accounting and our answers to these questions.