See More: Articles

The Changing Landscape of Lease Accounting for Nonprofits (ASAE Dollars and Cents, May 2011)

The Financial Accounting Standards Board and the International Accounting Standards Board put in place new regulations in 20102 that would replace the bight-line-based model of lease accounting with the right of use model. One effect of this is that lessee will likely need to record liabilities.  This article by Audit Partner Jim Larson explains this change and others that nonprofits will have to consider to comply.


I am so pleased to have Gelman, Rosenberg & Freedman as a resource. I can’t remember ever being so thrilled with an accounting firm during my twenty-five year career. Terri McKnight is solid gold.

Marybeth Long, CPA |  Former Director of Accounting
American Psychiatric Association