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Lease Accounting Standards

Lease Accounting Standards

The Financial Accounting Standards Board (FASB) granted private companies, not-for-profit organizations, and certain small public companies additional time to implement the new ASC 842 lease accounting standard. Although a collective sigh of relief was heard, there is still a lot to get done and time is running short. If you haven’t already done so, now is the time to shift into high gear. If we learned anything from both the revenue recognition delay and the public company implementation of lease accounting, it’s that these projects take longer than you think.

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