Understanding the New FASB Rules for Lease Accounting

Discover how the new Financial Accounting Standards Board (FASB) lease accounting changes will impact your organization and what you can do to minimize the burden.

Understanding the New FASB Rules for Lease Accounting

Discover how the new Financial Accounting Standards Board (FASB) lease accounting changes will impact your organization and what you can do to minimize the burden.

While leasing offers unique advantages in terms of flexibility and cost management, it has also long been a major cause of opacity in financial reporting. Historically, organizations have disguised their poor financial health with operating leases that did not have to be recognized on their balance sheets. Investors could have been misled about a company’s true lease obligations.

In response, the Financial Accounting Standards Board (FASB) formulated new rules for lease accounting, released in 2016 and which took effect in 2019. These changes will affect all organizations that lease assets.

The information in this white paper will help you to:

  1. Better understand the major FASB changes and their impact on your organization.
  2. Ensure FASB compliance.
  3. Streamline processes to quickly identify and export Right of Use Assets (ROUAs) to your balance sheet.
  4. Reduce administrative burden with proper lease lifecycle management and tracking.
  5. Improve planning with customized notifications and reporting.

Download the white paper

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