Lease Accounting FAQs

From OMA Connections Partner Clark Schaefer Hackett: “In February 2016, the Financial Accounting Standards Board (FASB) issued new lease accounting standards. These standards change the way leased real estate and equipment are reported by both public and private companies.

“It’s estimated that the total impact of this change will result in more than $2 trillion of operating lease commitments reflected as a liability on corporate balance sheets.”

Learn more here. 2/12/2019