New lease accounting standards for public companies take effect in 2019 and 2020 for private companies (assuming a December 31 yearend). Aventine Hill Partners’ consultants have technical accounting expertise to assist you with the adoption and implementation of this standard. We provide project management, individual lease analysis, and lease disclosures services.
We research implementation issues, prepare white-papers, and advise on recommended courses of action. We identify and document the procedures performed to support your assertion regarding the completeness of the population. We can also assist in selecting and validating lease accounting software.
Companies who haven’t assessed the impact of the lease accounting standard should start working with a qualified firm or professional immediately. Those who have, should consider having an outside service provider review their positions to make sure they haven’t missed anything.