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Road to Compliance Podcast Series: The Definition of a Lease

Inventorying your entire lease portfolio is an important part of compliance to the new FASB and IFRS lease accounting standards. But first, you need to be able to identify your entire lease portfolio – including your real estate, equipment and embedded leases. The exercise is potentially more challenging than you might suspect.

Bart Waldeck, Tango’s CMO and SVP of Product Strategy, is joined by Kristin McLaughlin, Senior Director, Technical Accounting Consulting (TAC) at RSM US LLP, and Rick Zelinsky, Vice President of Product Strategy at Tango. In the podcast, they discuss what constitutes a lease, how to identify embedded leases, and how the treatment of leases is changing under the ASC 842.

Transcript

To learn more about the steps your organization should consider to ensure compliance to the new lease accounting standards, visit The Road to Lease Compliance Resource Center.

Tango does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any lease compliance related activities.