Part 3: Related Party Transactions with Leases – Oh The Complications! August 29, 2022 Learn about FASB’s new leasing standard guidance and the complications it still invokes for some leases on the balance sheet.This Video Covers:Overview of FASB’s guidance and the complications it still invokesScenarios for Month-to-Month Leases on a Balance SheetImpact on Commonly Owned Companies How Can KatzAbosch Help?The professionals at KatzAbosch can help minimize the compliance burden and provide crucial information on an ongoing basis to assist in your organization’s financial close process and operations on this matter. For questions as to how this update affects your situation, or for any other operations matter, please contact your KatzAbosch representative or contact us today.For more resources on this topic, click here.View Past Videos:Part 1: New Leasing Standard ASC 842 is Here! – What is ChangingPart 2: Hidden Leases and What is Needed for the New Lease CalculationAbout KatzAbosch: Founded in 1969, KatzAbosch is one of the largest CPA and business consulting services in the Mid-Atlantic region. As an accounting firm, our mission is to provide the highest quality accounting, tax, financial and management consulting services to our regional clients. We understand the needs and challenges of our clients and we have made it our obligation to create, grow and protect asset value. KatzAbosch is consistently named a Best Accounting Firm to Work For in Accounting Today and has been named a Top 200 Accounting Firms in the Nation by Inside Public Accounting. Our firm is also ranked among the Top 15 Largest Accounting Firms in the Baltimore Area by the Baltimore Business Journal and a Top Workplace four times by The Baltimore Sun.