Is your real estate business ready for lease accounting changes?
The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued an Accounting Standards Update (ASU) that will change how leases are recognized on the balance sheet.
New lease accounting standards have already gone into effect for public companies and private companies will follow in 2021.
The new standards will affect all tangible assets, but with regard to the real estate industry, these changes will primarily impact corporate real estate lessees.
Download the data sheet to learn what’s changing and get your Lease Accounting checklist!