Author
May 10, 2022
Article

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.
Author
Nov 30, 2021
Blog

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
Podcast

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.
Author
Jun 11, 2021
Blog

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.
Author
Apr 30, 2021
Other Stuff

The New Lease Accounting Standard Is Here

Wondering what the new lease accounting standard means for you and why you should care? Download the whitepaper for answers.
Author
Nov 24, 2020
Blog

Are Your Clients Able To Pay?

Before extending credit, it's vital for lenders to know that the client has sufficient collateral to cover potential outstanding borrowings. Find out how.
Author
Nov 13, 2020
Blog

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.