Tag: lease accounting

Lease Accounting Rules Trigger Changes in Fleet Management

Lease Accounting Rules Trigger Changes in Fleet Management

A new accounting rule was issued in 2016 by the Financial Accounting Standards Board (FASB) that will take effect for public companies in 2019, and 2020 for all other entities. The new rule? Companies must report operating leases on their balance sheets. What Spurred These Changes? Since the Enron scandal in 2001, where executives made […]