Get the new lease standard ebook

Finance to Table Education for Operating Your Restaurant

It probably seems like we have been talking about the new lease standard for a decade, which would be accurate. It is finally time to implement the Financial Accounting Standards Board’s (FASB) ASU 2016-02 Leases (Topic 842). Fair warning: The changes outlined in the new standard will be time consuming for many companies to conform with.

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Don’t worry though. We’ve provided a high-level summary of the new leasing standard and what it means for you and your restaurant. From the definition of a lease to the different types of leases as well as the journal entries necessary to put these right-of-use assets and lease liabilities on your books. We’ve gone through the new standard line by line so you don’t have to. You and your restaurant team will be on the right track to implementing the new lease standard in a timely manner.

If you have any questions regarding the new lease standards, contact your Henry+Horne advisor.

Get a copy of the eBook here: There’s no cost for this resource so download your copy today!

Courtnee Greshner, CPA