Public companies will need to provide their three-year comparative financial reporting under the new lease accounting standards, so they will need to track FASB/IASB lease calculations and schedules back to January 1, 2017, to provide accurate comparative reporting in 2019. Hence, for public companies, the window to prepare for that requirement is beginning to get short.
With those requirements on the table, it’s time to lay out your plan for FASB/IASB adoption. Read on to find the framework you need to fully prepare.
