Are you ready for the new lease accounting rules? They go live in 2019 for public companies and 2020 for private ones. In a nutshell, they require companies to recognize on their balance sheets the assets and liabilities associated with rentals. The effects will be pervasive. In fact, public companies are expected to add more than $1.25 trillion of lease obligations to their balance sheets next year. We can help you learn how the new rules will affect your business and how various alternative reporting options may help simplify reporting for existing leases.
