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Construction Executive

Construction Executive published an article on the new lease accounting standards, by Assurance Partner Bill Clark and Accounting Services Director Ira Kantor.

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There may be situations where certain contracts not previously considered leases under the old standards now will be considered leases, even though the contracts may not contain the word “lease.” Only time will tell how ASC 842 will impact each construction company’s financial statements, ratios and covenants.

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Related
William Clark, Partner, Assurance

Partner
Assurance
Nashville, TN
Ira Kantor, Director, Tax & Business

Director
Tax & Business
Melville, NY
 

 
 
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