Contact us with questions about:
- Where to find more information on the technical standards.
- How to assess your current lease administration and accounting business processes.
- How to collect your real estate and equipment leasing data.
- How to select a lease accounting software application.
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LeaseAccounting.com is sponsored by LeaseAccelerator.
LeaseAccelerator is the leading provider of Enterprise Lease Accounting software to Fortune 1000 companies. Our mission is to help companies make the transition to the new ASC 842 and IFRS 16 standards as smooth as possible.
New GAAP and Accounting Change
Experts have called the new lease accounting standards one of the “biggest accounting changes ever.” The transition to ASC 842 and IFRS 16 brought several trillion dollars of operating leases onto corporate balance sheets. Combined with the new Revenue Recognition standard (ASC 606), lease accounting is bringing massive change to the area of financial reporting. In fact, the changes are so impactful that some have coined the phrase “New GAAP.”
Lease Accounting Standards
The goal of LeaseAccounting.com is to help companies, both public and private, transition to the new lease accounting standards as smoothly as possible. We have designed this website to be your primary source for technical and educational information about the new lease accounting standards.
Here you will find links to the best available documentation on:
Comparing the standards for IFRS and US GAAP
Separating lease and non-lease components
Topics such as sub-leases, build-to-suit arrangements, and sale/leaseback transactions
Reassessments and modifications
Transition strategies and comparative reporting