Lease Accounting – Blog Post 1

Here’s an example of a blog post I helped to write. I centered this one around the product launch positioning and messaging that my boss decided on. The resource for this blog is from Compliance Week.

CoStar Can Help

FASB’s new lease accounting standards are still set to take effect in 2019, affecting almost every company’s corporate balance sheets. While the new guidance is effective for reporting fiscal years that begin after December 2018, the two year reporting look-back means that companies need to update lease data by December 2016.
This dramatic change is causing companies to raise many questions around how to define a lease and how lessees and lessors should apply the standard.
CoStar Real Estate Manager has being helping our clients effectively manage lease and non-lease components for twelve years. Our company can help you update the people, processes, and technology needed to be FASB compliant. Our software is capable of lease data calculations, reporting and audit trials, and we have an in-house lease services team to get companies on the right path. View our resources here or sign up for a demonstration of what we provide.