What Can CPA Firms Do Now about the New Lease Standard?

April 2, 2018 at 7:30 AM / by LeaseCrunch® posted in CPA Firms

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While the new lease standard is obviously about accounting for leases, there are broader implications that your clients should consider now, well before implementation. For example:

  • Do they understand how operating leases will affect their balance sheet, especially the liabilities?
  • How will they find the resources and expertise to gather and analyze their leases?
  • What processes might they need to establish so future leases are properly accounted for?
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