Use this “roadmap” to ensure that your company as well as its management team and staff do the following:
- Understand the changes to current GAAP based on FASB ASU 2016-02, Leases.
- Understand the transition requirements and determine how your company will adopt the new standard.
- Find resources to help train your professional staff to ensure effective and efficient implementation of the leases standard.
- Educate users and other stakeholders about the changes they can expect in your company’s financial statements.