How will the new Lease Accounting Changes affect your school?
The Financial Accounting Standards Board (FASB) has issued new guidance on lease accounting. The new guidance is intended to increase transparency in lease accounting by requiring organizations to report any long-term lease liability on the balance sheet. On April 28, 2016, First American and the Coalition for College Cost Savings hosted a webinar to discuss the new lease accounting changes and the reporting impact on schools. Click on the links below to learn more.
We understand that there are many questions around these new changes and the impact they may have on a schools strategic use of lease financing. Feel free to contact us with any additional questions or to schedule a time to go through the changes in more detail.