Draffin & Tucker’s Kathryn Fletcher, manager, and Stephen Harrell, supervisor, co-authored “Lease Accounting Changes – What Healthcare Providers Need to Know” for the July/August 2012 issue of GSCPA’s Current Accounts.
FASB and IASB are engaged in a “Lease Accounting” project whereby lessors and lessees would be required to report leases (including real estate) on corporate balance sheets. In the article, Kathryn and Stephen discuss how leases are currently accounted for, and the expected future accounting standards. They also discuss the pros and cons of each method of accounting and what healthcare organizations can do to prepare for the expected changes.
To read the entire article, please click here. (Reprinted with permission from GSCPA Current Accounts.)
For more information on lease accounting changes, please contact Kathryn Fletcher at kfletcher@draffiin-tucker.com or Stephen Harrell at sharrell@draffin-tucker.com.