New Lease Accounting Rules in 2022
New lease accounting rules will impact the financial statements of anyone who is required to report their results based on GAAP (or Generally Accepted Accounting Principles).
The video below, presented by Craig Underhill, was created to explain these changes to bankers who serve winery clients. Certain changes may impact key ratios that are tied to loan covenants.
Note: these changes may apply to your winery even if you are not currently required to have an audit or review.
Watch the video below and contact us for more information.