ON DEMAND WEBINAR
Duration: 35 minutes
Aside from people expenses (a.k.a. headcount-related costs), do you know what the next highest expense line item in your organization’s budget is? For many, the answer to this question is the cost and value of your leases. And despite leases making up a large portion of a business’ budget, nearly three-quarters (71%) of private U.S. companies don’t know how much their leases cost their organization.
For years, companies were able to loosely manage their leases. But that is no longer the case due to the new lease accounting standards that require leased assets to be reflected on the balance sheet, causing businesses to pay more attention to their leases.
Just one lease can cost your business hundreds of millions of dollars, which begs the question: why wouldn’t you pay closer attention to such a large percentage of your operating expenses, particularly as your business needs and the market continues to change?
In this webinar, lease accounting experts will share:
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