The current standards (ASC 842 and GASB 87) require companies to recognize obligations for real estate, equipment and other leased assets on their balance sheets, a shift that will affect many companies’ accounting policies and procedures, information systems, debt covenants and financial ratios.
Implementing the lease accounting standard presents many challenges involving multiple stakeholders, disparate processes and systems, and poor data quality. Program management, an early start and competent resources can help ensure your project’s success.
Ready to partner with us on your plan? Contact us today at partner@rgphealtcare.com.
