January 1, 2017
Assurance Partner Sougata Banerjee authored an article on the new GAAP standard for lease accounting, for CalCPA’s January newsletter.
CalCPA
By Sougata Banerjee, Partner, Assurance Services
Excerpt:
“These changes may have a far-reaching impact regarding various aspects of a company’s operations, including its financial covenants, incentive programs, lease versus buy decision making and taxes. In addition, since virtually all leases will need to be reflected on the balance sheet, companies will need to enhance their processes to capture relevant data and report their leases.”
