Topic 842

The New Lease
Accounting Standard.


Swenson Advisors, LLP and Cresa San Diego present AccountLease™, a comprehensive solution designed to address the new lease accounting standards.

The new standards, FASB ASU 2016-02 (or Topic 842) for US GAAP and IFRS 16 (International Financial Reporting Standards), will require companies to record all real estate leases, equipment leases, and leases embedded in service agreements as assets and liabilities on their balance sheets starting now.

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