Surprisingly, the FASB finalized the new leasing standard in early 2016 with early implementation available, which means your clients or employees could request implementation for 2016. It will become mandatory in 2020 for non-public entities and 2019 for publicly traded entities. Almost every entity leases something (especially real property) and that means almost every entity will be impacted materially by this new standard. Emphasis will be solely from the perspective of how a lessee applies the standard.
July 21, 2016
Georgia Society of CPAs
Accounting & Auditing (A&A): 8.00
You must be logged in to use your Free CPE Token.
To continue, you need to log in to Peach New Media. If you have any questions about your account please contact us at 1-866-702-3278.
GSCPA Member Price:$315.00