By Ane Ohm on February 3, 2020 at 10:11 AM
The new lease standard officially goes into effect for nonpublic companies the fiscal year starting after December 15, 2020. For many private companies, that means the effective date will be January 1, 2021.
This quick quiz will help you assess your organization’s readiness for the new lease standard. Even better, your quiz results will include specific guidance to help you in any areas of need.
Private organizations: Take the quiz now to understand your readiness and get the essential information you need to make sure you’re on track to hit the effective date.
CPA firms: Send this quiz to your clients to get them thinking about the new lease standard. Ask them for a link to their score/responses, and you can provide tailored assistance based on their current state of preparation.
Access the following resources for additional preparation for the upcoming lease standard deadline:
Want to talk through your quiz results with one of our lease accounting experts? Schedule some time on Joel’s calendar today!