GETTING STARTED

What are the new lease accounting standards?

Leaseaccounting.com Learn how to get compliant and stay compliant with the FASB ASC 842 lease accounting changes while also driving savings.

Accounting Standards Codification Topic 842, also known as ASC 842 and as ASU 2016-02, is the new lease accounting standard published by the Financial Accounting Standards Board (FASB). It replaced the previous US GAAP leasing standard, ASC 840, which is almost 40 years old.

ASC 842 Handbook

Learn how to get compliant and stay compliant with the FASB ASC 842 lease accounting changes while also driving savings.

ASC 842 HANDBOOK
Leaseaccounting.com Learn what IFRS 16 changes from IAS 17, how to achieve compliance with the new standard, and how to remain compliant once the deadline passes.

IFRS 16 is the new lease accounting standard published by the International Accounting Standards Board (IASB) in Jan 2016. IFRS 16 changes the way that companies account for leases in their financial statements, especially their balance sheets and income statements. It supersedes IAS 17.

IFRS 16 Handbook

Learn what IFRS 16 changes, how to achieve compliance with the new standard, and how to remain compliant once the deadline passes.

IFRS 16 HANDBOOK
Leaseaccounting.com Learn how to get compliant and stay compliant with the FASB ASC 842 lease accounting changes while also driving savings.

Who is most impacted by the new lease accounting standards?

Find out which companies and industries will experience the greatest balance sheet change from the implementation of the new lease accounting standards.

The deadline for private companies is fast approaching:

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RESOURCES

Understanding the major challenges of the new lease accounting standards.

Begin by exploring the best resources from the standards boards, accounting firms, and technology vendors curated on a single site.

Understanding the major challenges of thenew lease accounting standards.

Debt convenants

How will the new lease accounting standard impact loan covenants? Learn key considerations…
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Understanding the major challenges of thenew lease accounting standards.

Incremental borrowing rates

Determining how to calculate the IBR may be difficult. Learn how to calculate the IBR…
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Understanding the major challenges of thenew lease accounting standards.

Tax impact

The increase in assets and liabilities could impact a variety of financial measurements, which may in turn change the amount of taxes paid.
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Understanding the major challenges of thenew lease accounting standards.

Lease & non-lease components

Learn the pros and cons of separating lease and non-lease components as well as proper valuation….
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Recent SEC & FASB Updates

FASB Advisory Council discusses lease deadline relief

June 2019

FASB Gives Private Companies Breathing Room on LeaseAccounting

June 2019

Defining Issues: FASB approves new transition method

June 2019

FASB Advisory Council discusses lease deadline relief

June 2019

AGC comment letter to FASB: Extend deadline for privates

June 2019

RESEARCH

Leasing & Opex Research Center

Operating Lease Obligation Rankings

United States of America

US Fortune 1000

United Kingdom

FTSE 350

Germany

GER DAX 30

Australia

ASX 100

ASC 842 & IFRS 16 Progress Reports

USA Operating Lease Obligation Rankings

US progress Report: ASC 842 Adoption

April 2019
Australia Operating Lease Obligation Rankings

Australia Progress Report: AASB 16 Adoption

June 2019