Lease accounting changes have arrived. Is your business ready?
Eight years since it was first introduced, the International Accounting Standards Board (IASB) 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 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.
Take a quick assessment to find out where you stand and get your custom roadmap for compliance.
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