296. Everything You Need to Know About the New Lease Accounting Standard… For Now

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3y ago 22:22

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In less than a year, private companies will be required to adopt the new standard for accounting for leases. This means those who follow generally accepted accounting principles and carry leases are in for some pretty big changes.

Jim Suttie, a principal on Rea’s lease accounting task force, is here to provide some much-needed insight into what this new standard means and how to start preparing.

Listen to this episode of unsuitable to learn:

The new standard for accounting for leases
The biggest differences between the old and new standards
The side effects of the new standard

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