3 lease accounting tips gleaned from public company reports
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3 lease accounting tips gleaned from public company reports

2 years ago · 3 min read

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FASB’s new lease accounting standard led to one of the most challenging implementation efforts that company finance departments have ever encountered.

Lease contracts for everything from office space to copiers have to be identified across companies’ various departments and locations. Contracts that may not appear to be leases, such as service arrangements, must be scrutinized to see if lease components are embedded within.

Once the leases are located, data needs to be extracted from the contracts to allow the actual

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