Leasing: The next frontier
An Accounting Today podcast
With public companies needing to implement the Financial Accounting Standards Board’s Accounting Standards Update 2016-02, Leases (ASC 842), in fiscal years beginning after December 15, 2018 (and the interim periods therein), listen to Rich Stuart, a partner in RSM’s national professional standards group, discuss the potential impact with Accounting Today’s Editor-in-Chief Daniel Hood.
“The first step of preparing is to get familiar with the rules, then find the leases,” says Stuart. “But don’t wait too long.”
Some of the topics covered in the podcast include:
- Definition of a lease
- Differences for lessors and lessees
- Industries impacted