Simplifying the New Standard: Lease Accounting Updates
A new lease accounting standard goes into effect in 2019 for both public and international companies and 2020 for private organizations. This new lease standard requires all operating and finance lease agreements greater than 12 months in length to be presented on the balance sheet as a lease liability and corresponding right-of-use asset. According to Accounting Today, approximately 40% of private companies are behind schedule on implementing the new lease accounting standard, though the 2020 deadline is quickly approaching.
Join us for a live webinar 10 – 11 a.m. on Thursday, May 9, as Audit Partner Lincoln Gray and Audit Principal Dan Ward discuss:
- What qualifies as a lease
- Timeline for the new lease standard
- Changes to expect
This webinar qualifies for 1 Continuing Professional Education (CPE) credit.