The New Lease Accounting Standard and You

The U.S.-based Financial Accounting Standards Board (FASB) and the European-based International Accounting Standards Board (IASB) are jointly preparing changes to the lease accounting standard. The proposed lease accounting standard will precipitate fundamental changes in the management of corporate real estate.

This must-read whitepaper provides insights into the following:

  1. Overview of the new lease accounting standard and why it is being established
  2. How to manage the impact to financial statements and aggregate lease expense
  3. Processes required to comply with the new lease accounting standard
"The U.S. Securities and Exchange Commission (SEC) has estimated that approximately $1.3 trillion of operating lease obligations will be added to corporate balance sheets once the new lease accounting standard is implemented. For some large companies, the new standard will result in a multi-billion dollar impact to the balance sheet."