Health care organizations need to make significant changes to stay current with new lease reporting requirements set out by Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-02, Leases. Organizations need to start preparing because the changes go into effect soon. For public companies, standards become effective for fiscal years beginning after December 15, 2018; for all other companies the standards effective for fiscal years beginning after December 15, 2019.
Our on-demand webcast covers key information, including the standards’ specific nuances and criteria for health care organizations. We discuss the following:
- Changes to lease accounting standards
- Recommended approaches for recording accuracy
- Methods for reporting results to stakeholders