If you run a business, you lease equipment or real estate. It’s that simple. Equally straightforward is the fact that the new accounting standards for leases (FASB ASC 842 and IASB IFRS 16) will fundamentally alter accounting by requiring that both operating and finance leases are recognized on a company’s balance sheet. It will also impact the operations of almost every organization, regardless of size, industry or geography.
Whitepaper: The clock is ticking – How to jumpstart your lease accounting implementation project
If you run a business, you lease equipment or real estate. It’s that simple. Equally straightforward is the fact that the new accounting standards for leases (FASB ASC 842 and IASB IFRS 16) will fundamentally alter accounting by requiring that both operating and finance leases are recognized on a company’s balance sheet. It will also impact the operations of almost every organization, regardless of size, industry or geography.
