What is the Impact of Covid-19 on lease accounting and importance of efficient data management?


Grace Wilson

New Member
The coronavirus pandemic has dramatically impacted business operations around the world significantly altering financial disclosures, forecasts, and reporting processes. It has had a major impact on lease accounting particularly, the assessments and assumptions that were previously valid may no longer hold. This is making lease data management and accounting a herculean task further compounding the challenges for organizations across the globe.