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.
Global Lease Accounting Lead
+1 571 266 9775
Managing Director | Portfolio Strategy
+1 312 228 2638
Head of Strategic Consulting, Asia Pacific
+852 2846 5154
Associate Director | EMEA Lease Accounting Lead
+48 22 318 0035
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