Case Study
Cleco is FASB/IASB-ready with Powerplan's lessee accounting
CLeCo Is FAsB/IAsB-ReAdy WItH PoWeRPLAN’s Lessee ACCouNtINg Cleco Corporation is a $1.15 billion electric power company with approximately 279,000 residential and commercial customers in 23 parishes throughout Louisiana. The company needed to prepare for sweeping, complex changes to lease accounting standards proposed as a convergence issue between the FASB and the International Accounting Standards Board (IASB). Cleco Corp. chose PowerPl