This article originally appeared in AccountingWEB.
This year, millions of your non-public company clients will need to assess their lease accounting implementation needs, much like public companies have had to adhere to.
This article focuses on four key 2021 trends in lease accounting standard implementation and what accounting professionals need to share with clients that will be most impacted. For the sake of background, the Financial Accounting Standards Board (FASB) last year voted to propose a one-year deferral of major accounting standards, including ASC842.
Automate your financial operations today
See Crunchafi’s suite of intuitive financial and accounting products in action and spend less time buried in spreadsheets.