In a disrupted world, there is much to navigate, and coping with today’s challenges and widespread uncertainty is overwhelming. More than ever, governments and public service organizations must be able to lead and reach those it serves on a deeper level. We are dedicating extensive resources to some of the biggest trending topics to ensure that you are interacting and responding in meaningful ways.
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The countdown has begun for planning for the impending changes to accounting and reporting for leases. Under these new rules, the recording of leases, including assumptions, will significantly impact financial statement amounts and disclosures. Because governments use a variety of leasing arrangements to stabilize cash flows and reduce risk and uncertainty, the new requirements have strong accounting and financial reporting implications…
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