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How Are Lease Rules Changing?

    Chris Motola
  • 2 comments
  • Updated on:
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Chris Motola

Chris Motola

Expert Analyst & Reviewer at Merchant Maverick
An expert in personal and business loans and financial health, Chris Motola has been writing about small business finance and payments for over 5 years. He has been cited in various industry publications, including Forbes Advisor, GoBankingRates, and Medium. Chris is a graduate of the University of Central Florida.
Chris Motola
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2 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    John Gundersen

    How will the new changes in leasing effect the Public Sector?

    In your article it states that the new lease laws will take effect 12/15/18 for Public companies, and one year later for private companies.

    What about Public sector accounts? Municipalities, cities, public universities? How will they be effected?

      This comment refers to an earlier version of this post and may be outdated.

      Chris Motola

      Hi, John. The public sector will also be affected. Here’s a link that may prove helpful:

      https://www.pwc.com/us/en/cfodirect/assets/pdf/in-brief/us-2017-19-gasb-lease-accounting-rules.pdf

        This comment refers to an earlier version of this post and may be outdated.

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