Preparing for compliance under the new leasing accounting standard, GASB 87, potentially poses a major undertaking for hospitals, universities, and local and state government entities.
Now that the Financial Accounting Standards Board (FASB) formally approved a delay in implementing lease accounting for private companies, are you wondering what this means for your organization?
Joni Noel, our SVP of Healthcare, was interviewed by the marcus evans National Healthcare CFO Summit Fall 2019. In the interview she discusses how healthcare CFOs can ensure their health system is compliant with the new lease accounting standard under ASC 842 or GASB 87.
Don’t Let the Delay in Lease Accounting Standards Slow Down Your Planning
Compliance with the new lease accounting standards – ASC 842 / IFRS 16 / GASB 87 – is a challenge for many organizations, but it also represents an opportunity to improve policies and processes.