July 01, 2016
Senior Manager Kellan McConnell discussed the new lease accounting standards with the Orange County Business Journal.
By Michael De Los Reyes
The new lease accounting standards will require organizations that lease assets—essentially all organizations—to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. We're looking at this mainly from a lessee standpoint, since the rules for lessors are largely unchanged.
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