Contractors often have to choose whether to lease or purchase a piece of equipment. This decision is critical because it can significantly affect a contractor’s working capital (i.e., current assets less current liabilities), which is an important ratio for sureties. With the release of the new lease accounting standard, it is even more important that contractors understand how leases affect their financial reporting. Watch as Wayne Snelson discusses this effect in greater detail and explains how to potentially reduce the impact of leases on financial statements.