Goering Center news: Lease standard impacts small business
Tue, May 7, 2019
The Financial Accounting Standards Board (FASB) is changing the way businesses prepare their financial statements and the way companies account for leases. The FASB first introduced guidance on these changes in February 2016 and the required implementation date for non-public entities is quickly approaching. No matter the size of your privately held company, ASU 2016-02, Leases, could have a significant impact on your financial statements.