Nonprofit Resources

Updated Lease Toolkit Now Available

Financial Accounting Standards Board (FASB) Topic 842, Leases, released in 2016, overhauled the prior accounting standard for leasing transactions. The changes include new definitions, classifications, and disclosures.

In November 2021, the FASB issued ASU 2021-09, which expanded the existing policy election for not-for-profit entities to use a risk-free rate by class of underlying asset rather than the previous requirement to make the election for all leases.

We’ve updated the CapinCrouse Lease Toolkit to reflect the November 2021 change and added a new resource. The Lease Toolkit contains these resources to help your organization understand and implement the new lease standard efficiently and effectively:

• Updated Key Lease Decision Reference Guide
• Updated Lease Information Gathering Form
• New Lease Calculation Tool

Learn more about what’s changed and access your free, updated Lease Toolkit:

Download Your Free Toolkit >

We’ll also be providing a series of articles related to the new standard in upcoming issues of our Nonprofit Issues newsletter.

We are here to help! Please reach out to your engagement team or contact us to learn more about how we can assist you with the new lease standard.

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