For the past ten years, changes in lease accounting have been purported to be on the horizon. In 2016, the U.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) finally issued the new standards, which have a significant ripple effect. These new standards fundamentally change how any organization with leases (including real estate and equipment leases) will: manage lease negotiations; administer the leased portfolio; determine whether to lease or own assets; and conduct financial reporting – all while impacting technology, tools and governance.
This session covered:
- The key elements to the changes in lease accounting
- How the new changes will impact decision-making, including lease vs. buy decisions
- How to be compliant with the new changes
- How to create a detailed, actionable roadmap, including preparation checklists
Categories: 2017 Spring - Amelia Island, Summit Presentations
SRC Type: Category Specific, Finance, Real Estate