Construction Executive published an article by New England Construction Leader Robert Mercado and Supervisor Michelle Scarpone about applying the new lease standard.
Construction Executive
By Robert Mercado, Partner, Assurance Services & Michelle Scrapone, Director, Assurance Services
Excerpt:
It behooves contractors to take advantage of the extension before ASU 842 takes effect, to thoroughly research the new lease accounting standard. Being prepared for the potential impact of ASU 842 on contractors’ financial statements will help mitigate the effect on the ratios used by management and outside parties to make decisions and, potentially, on the extension of credit.
Click here to read a PDF version of the article >>
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