Lease accounting changes have arrived. Is your business ready?
Eight years since it was first introduced, the International Accounting Standards Board (IASB) and U.S. Financial Accounting Standards Board (FASB) separately announced definitive guides to the new lease accounting standards in early 2016. This guidance contains the long-awaited accounting rules for companies to present most leases, including existing real estate or equipment leases, directly on their balance sheets instead of in the footnotes to financial statements. Come 2019, all companies reporting under IASB or FASB will need to comply with the new requirements.
The intricacies of the revised standards can be overwhelming. JLL’s international team of experts can help you better understand what your organization is up against, plan accordingly and reformulate your leasing strategies in the wake of these landmark changes. Contact us to guide you through this process.
Are you ready for the changes in lease accounting?
Take a quick assessment to find out where you stand and get your custom roadmap for compliance.
Managing Director | Portfolio Strategy
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Head of Lease Administration Integrated portfolio Services
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View a snapshot of the changes and its impacts.
Get an overview of the lease accounting changes and how they will affect corporate real estate around the globe.
Download a summary of the lease accounting changes.
Learn what services are available to help you prepare for these unprecedented changes.
Take this quick assessment to find out how you compare to your peers in terms of readiness.
See what JLL’s experts had to say about the lease accounting changes’ impact on commercial real estate in RICS Property Journal.
Read a Q&A with one of our experts on the new changes.
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