The wait is finally over…or is it? Sweeping changes to lease accounting have been finalized. To varying degrees, these changes affect all global companies, across all industries. The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), collectively the “Boards,” have now separately issued new standards that will move virtually all leases onto the balance sheet. While the issuance of the new standards seems to symbolize that we have finally crossed the finish line of this epic journey, looking at the situation from an implementation perspective, the starter’s gun has sounded and we are just now leaving the blocks.

Contributors: CBRE
Categories: Whitepaper
SRC Type: Finance and Accounting Outsourcing (FAO), Outsourcing, Sourcing, Trends