April 30, 2021

Construction Executive published an article by Partner Robert Mercado and Senior Manager Michelle Johnson about the new lease accounting standard.

Construction Executive

By Robert Mercado, Partner, Assurance Services & Michelle Johnson, Senior Manager, Assurance Services

Construction Executive published an article by Partner Robert Mercado and Senior Manager Michelle Johnson about the new lease accounting standard. Construction

Excerpt:

Once the contractor understands the impact of the new lease standard, the contractor can assure all financial institution and surety criteria are within reach. Contractors with strong accounting and legal counsel can mitigate the impact of the accounting changes ahead of time and eliminate any potentially damaging financial shortfalls on the balance sheet, hence allowing for covenants to be met.

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Robert  Mercado

Robert Mercado

Partner

  • Assurance
  • New Haven, CT