MSPC CPAs

New lease accounting rules set to lift debt load by 24%

Companies with chartered-in fleets face changing rules when presenting their accounting statements.Although it will have little impact on actual cash flows, investors and creditors will have to adjust their performance measurements to account for the changes.A year ago,

Although it will have little impact on actual cash flows, investors and creditors will have to adjust their performance measurements to account for the changes.

A year ago, US and international accounting standards bodies passed new lease accounting rules, to bring long-term financial obligations involving leases into clearer view. More leases will show up on a company’s balance sheet and more expenses for those leases will be on income statements.

Click here to read more about what MSPC Partner, Michael Halkias has to say in the article.

For more information on lease accounting rules, contact Michael Halkias.