3 unexpected benefits from the new lease accounting standards


The clock is always ticking when it comes to meeting finance and accounting deadlines. But some deadlines loom larger than others.

That’s certainly the case with the new lease accounting standards as set forth by the Financial Accounting Standards Board and Governmental Accounting Standards Board. Public entities and certain nonprofit organizations were subject to the new standards several years ago and now, after a period of delay, all other entities reporting under generally accepted accounting…

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