3 Reasons Why You Need To Forge Ahead With Lease Accounting Implementation

November 2019

BDO Knows Lease Accounting

Even though the Financial Accounting Standards Board (FASB) pushed back the deadline for private companies and non-profits to comply with new lease accounting rules – now applicable for the fiscal year and interim periods beginning after Dec. 15, 2020 – organizations can’t afford to let more time pass by before acting on implementation.

The extra time granted by the FASB reflects the mammoth task ahead, which will require more work, more resources and more time than most businesses realize. Worse still, the longer you wait, the greater the cost of implementation will be.

Download the guide to better understand why you should act now to achieve efficient and on-time adoption of the new standard.