Swenson Advisors, LLP and Cresa San Diego announce AccountLease™, a comprehensive solution designed to address the new lease accounting standards. Issued earlier this year, 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 substantially all real estate, equipment leases, and leases embedded in service agreements as assets and liabilities on their balance sheets starting as early as 2019 for publicly traded companies but will require comparative financial information as early as 2017.
AccountLease™ is designed to provide clients with the team and tools necessary to address the new regulations and sustain compliance.
Our team represents over 200 years of experience in complex accounting and corporate real estate services.
Let us handle the implementation of these new standards so you can focus on optimizing your enterprise.