The New Leasing Standard

Accounting Standards Update (ASU) 2016-02, Leases is effective for private companies for fiscal years beginning after December 15, 2019. If you have leases, the new standard will change your financial statements and disclosures, and may also introduce significant new processes within your organization to properly account for leases. We have prepared this 5 minute video to watch at your convenience to help you begin planning for ASU 2016-02. The video is intended provide you with a high level look at how the new standard may impact your organization, and also provide you with next steps as you begin planning.


While the information provided by McKonly & Asbury in this presentation is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may have an impact on the accuracy of the information. Information may change without notice and McKonly & Asbury is not in any way liable for the accuracy of any information or how it is interpreted and used by a viewer.