As a CPA firm that audits a lot of city clubs we often get asked the question…how do we get more women to join the club and, more specifically, younger professional women?
Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) – issued February 25, 2016
For most non-public entities this update is effective for fiscal years beginning after December 15, 2019. However, now is the time to start thinking about longer-term impacts before entering into new leases over the next few years.
Following is an overview, for lessees, of this comprehensive and intricate standard.