Author: Jim Suttie
May 10, 2022
Lease Accounting Standard: The Time is Now
The multi-year delays in implementation of the new lease accounting standard are over and now it’s go time. This is it, and if your company or nonprofit has not yet started gathering the information necessary to properly report its lease obligations for 2022, there is no more time to waste.
Nov 30, 2021
Top 5 Tips To Help You Prepare For New Lease Accounting Standards
For those of you who were hoping against hope that the Financial Accounting Standards Board (FASB) would further delay the new lease standard for private companies, I’m afraid you’ll be disappointed. The Pennsylvania Institute of CPAs was looking for a two-year delay for the adoption date, but the FASB turned that request down in November.
Aug 16, 2021
Episode 296: Everything You Need to Know About the New Lease Accounting Standard… For Now
Jim Suttie, a principal on Rea’s lease accounting task force, provides some insight into what the new lease accounting standard means and how to start preparing.
Jun 11, 2021
What The New Lease Accounting Standard Means For Your Business
If you own a business in the United States and lease anything tied to it, be it vehicles or real estate, Rea & Associates is here to help you and your company prepare.
Nov 13, 2020
Deciphering The Impact of the New Lease Accounting Standard
Entities that hold numerous equipment and real estate leases will be most affected by this new guidance.