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.
Transformative change inevitably brings serious human impacts. That means change management should be a cornerstone of your strategic planning, with a focus on the “people part.”
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?
IFRS 17 and LDTI are complex. They’ll impact the way your accounting results appear in your financial statements. Both standards lead to changes in your existing target operating model and the supporting business processes,
systems and data.
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.
During a carve-out or divestiture, the majority of the seller’s focus is on negotiating the purchase and sale agreement (PSA) and valuation considerations.
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.