Help Your Clients Make the Right Policy Elections with the Upcoming Lease Accounting Standard
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What's In This Resource?
Now is the time to help your clients make the best lease accounting policy decisions. The next few months of implementation planning are critical--your clients’ decisions will impact both transition and day one accounting. Use this guide to help clients make the right policy elections for them, including:
Accounting for lease and nonlease components as a single lease component
Practical expedients that apply to leases that commenced before the standard’s effective date
Whether to apply the standard to short-term leases
