The FASB clock is ticking – And your leases
Leases are contracts that control the right to use something for consideration, and companies use them to benefit from plant and equipment as well as to provide customer-facing services. With the new FASB rules, how contracts are accounted for has changed, therefore there is a need to identify the essential attributes of your leases so they can be changed in your accounts and the clock is ticking towards a deadline.
Brightleaf can provide you with abstracted information on all your leases, identifying and structuring the essential attributes of the leases so you can best manage the new FASB rules. With Brightleaf, your information is secure and safe and the high-quality outcomes meet ISO and Six Sigma standards.