A Ranking of the Leasing Obligations of the ASX 100
The ASX 100 Lease Accounting Impact Study identifies which companies will be most impacted by the new AASB 16 lease accounting standard that Australian companies began to adopt in 2019 . One of the biggest accounting changes in history, these new standards will result in listed companies around the world transferring almost US$3 trillion worth of liabilities onto corporate balance sheets over the coming years.
Historically, only finance leases– leases that have a similar structure to asset purchases – have been reported as assets and liabilities on corporate balance sheets. Other leases, called operating leases, were “off-balance sheet” and were accounted for using principles similar to service contracts. Download the ASX 100 Lease Accounting Impact Study to learn which companies have the highest operating lease liabilities.
AASB 16 Compliant
Lease Accounting Software
Worried about achieving compliance with AASB 16? Learn how to not only achieve compliance by your adoption deadline, but also maintain compliance. Sign up for a consultation on the benefits of Enterprise Lease Accounting software for your AASB 16 implementation with a lease accounting expert.