With significant changes transforming today's lease accounting standards, most companies will be impacted in some manner. For some, the issuance of Financial Accounting Standards Board (FASB) Accounting Standards Update No. 2016-02 (Topic 842)
/ International Accounting Standards Board (IASB) IFRS 16
, will require widespread changes to the processes used to account for leases, and alter data requirements, measurements, and judgments.
With many middle-market public and private companies needing to better understand the revised standards, determine how to assess the impact on their organization, and develop an action plan to implement required business process and financial system changes, CohnReznick has established this Lease Accounting Resource Center and will be regularly updating it with our latest thinking to help you gain insight and practical implementation guidance tailored for middle-market companies.
Read more about CohnReznick's Accounting and Assurance services
, or CFO Advisory Services