LGT's Profit Sense

In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-02, Leases (Topic 842), which made significant changes to lease accounting. These new rules...

A few years ago, I wrote an article regarding lease options, and it caused quite a bit of fanfare. Due to numerous hits, we feel it’s time for a refresher as well as to dive into a little more...

Ready or not, here it comes.  Starting in 2019 for public companies (2020 for private companies), the way leases are accounted for and reported will change.  These changes can impact the financial...