FASB’s new lease standard is required for all private companies and private nonprofits, effective for fiscal years beginning after Dec. 15, 2021, and interim periods within fiscal years beginning after Dec. 15, 2022. Join us for an insightful webinar as we break down the new standards, types of leases, and likely effects on businesses. We'll also share tools and practical guidance for companies starting the implementation process.
Upon completion of this program, participants will be able to:
- Recall the standard’s effective date
- Recognize various decisions that need to be made for preparing for the standard
- Design a plan for establishing a complete lease population
- Identify challenges to implementation
- Create a timeline for implementation
- Identify resource needs and required process changes