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

G

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.
 
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