The new FASB lease accounting standard ASC 842 is already in effect for public companies with a calendar year-end. Private companies with a calendar year-end must comply with the new standard beginning January 1, 2020.
Read the NetSuite blog post for more details about Episode 21, which discusses the important facts to know about the standard and how to best prepare.
Learn more in this related post: NetSuite Can Help Companies Navigate the New Lease Accounting Regulations
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Contact the GYF ERP Solutions Group to learn more about the NetSuite ERP solutions and the support services we provide to NetSuite customers in the Pittsburgh area.
