Beyond the Numbers: Redefining Lease Accounting with Jody Allred & Colby Horn of Weaver

 

This podcast was recorded in November of 2018.

The new FASB standard is having a drastic effect on lease accounting. Though what you pay isn’t changing, how you pay and categorize your leases is seeing a major shift. Under the FASB standard, lessees must use their balance sheet to recognize operating lease assets and liabilities, not just capital leases, which puts a new strain on CFOs and their teams to adjust.

How should companies prepare for these new standards, considering they went into effect for public companies in December, and for private companies will go into effect a year after that? On today’s episode of Weaver: Beyond the Numbers, we get insight from Weaver’s Jody Allred, Partner for Risk Advisory Services, and Colby Horn, Director of Real Estate and Hospitality accounting. Allred and Horn walk us through the exciting changes and the most common pitfalls to avoid under the FASB lease accounting standards, detailing which industries will be affected the most, how the standards have an impact beyond financial reporting, and more simply, defining what will now be considered a lease.

For the latest news, videos, and podcasts in the Software & Electronics Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!
Twitter – @TechMKSL
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

Closing the Gap Between Lockdowns and Live Visibility
Closing the Gap Between Lockdowns and Live Visibility
September 8, 2025

In this episode of Secured, Mike Monsive, CEO of ASAP Security, sits down once again with Idan Koren, CMO of Verkada, for a deep dive into how cloud-native technology is transforming school security across the U.S. with live visibility. With Verkada now protecting over 20 million students nationwide, Idan shares why the company’s integrated…

Read More
Good school
Just Thinking… About How Good Schools Foster Kindness, Curiosity, and Lifelong Learning
September 8, 2025

Artificial Intelligence is rapidly reshaping how schools, educators, and policymakers think about the future of learning. With OECD shifting its emphasis from test-based rankings toward human flourishing, and governments debating how to integrate digital tools without overwhelming already strained systems, the stakes couldn’t be higher. A McKinsey study found that 20 to 40% of teacher…

Read More
military force
How AI is Reshaping Talent, Training, and Logistics to Build the Workforce and Military Force of the Future
September 8, 2025

Artificial intelligence is radically transforming the military—an institution grappling with an eligibility crisis at home. According to the Department of Defense, a mere 23% of Americans aged 17 to 24 qualify for military force without needing a waiver, meaning that 77% are currently ineligible due to factors like obesity, drug use, and mental or…

Read More
Financial aid
Why Data-Driven Financial Aid Strategies Are Critical to Higher Ed’s Future
September 8, 2025

As higher education faces declining public trust and heightened financial pressure, colleges are being pushed to rethink how they manage enrollment and financial aid. Data analytics and predictive modeling are emerging as critical tools, with institutions seeking ways to allocate limited aid dollars while still aligning with their missions. According to the most recent data…

Read More