Discuss how a lessee applies the standard to typical leasing arrangements of non-publicly traded entities. Multiple examples from the standard and other created examples including footnote disclosures will be presented. The FASB finalized the new leasing standard in early 2016 with early implementation available (meaning your clients or employers can request implementation NOW [and some have]). It will become mandatory in calendar 2020 for non-public entities. Most every entity leases something (especially real property) and will be impacted materially by this new standard.
Email Address: | |
Password: |