Video transcript:

Managers typically like to produce the order and consistency required.  The planning, the organizing, the staffing, directing, controlling.  Leaders on the other hand are kind of notorious for change and movement.  They like to set a vision.  They like to align people to that vision.  They like to inspire people.  They typically operate at that 10,000-foot level and they know how to build these prolific relationships with (Wall Street), internally.  So, on the one hand, imagine an organization with all leaders that are out there howling at the wind without any managers putting the daily operational infrastructure together.  And imagine an organization with just a bunch of operational management types and no leadership taking them to the next level.  The truth is, you need both.

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Implementing lease accounting

FASB’s Codification (ASC) 842, Leases, requires companies to make significant changes in the way they report operating leases. But one of the initial challenges might be simpler than you think … find out more with this report.