March 14, 2019
Construction Executive published an article on the new lease accounting standards, by Assurance Partner Bill Clark and Accounting Services Director Ira Kantor.
Construction Executive
By Bill Clark, Partner, Assurance Services & Ira Kantor, Director, Tax & Business Services
Excerpt:
There may be situations where certain contracts not previously considered leases under the old standards now will be considered leases, even though the contracts may not contain the word “lease.” Only time will tell how ASC 842 will impact each construction company’s financial statements, ratios and covenants.
