Missed the webinar? No problem, watch it here.
If you lease an asset such as a building, vehicle, or equipment, you'll want to grab your coffee and listen in on this session. Under the new standard, you are required to record a right-of-use asset and a lease liability on the balance sheet for each lease and amortize each asset and liability over the life of the lease(s).
In this webinar, Froehling's Ashley Forrer, CPA, will explain what the new lease standard is, how it will impact the financial statements/covenants, and the software we are using to calculate/record the leases.