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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We have assembled some of the top leasing experts in the industry on our team. If our team does not know the answer, we promise to point you in the right direction.
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About LeaseAccounting.com
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.
Information
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.”
Interpretation
Interpreting the
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:
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Comparing the standards for IFRS and US GAAP
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Classifying leases
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Separating lease and non-lease components
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Topics such as sub-leases, build-to-suit arrangements, and sale/leaseback transactions
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Reassessments and modifications
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Transition strategies and comparative reporting
Compliance
Getting Compliant with the
Lease Accounting Standards
For more information on achieving and maintaining compliance with the new standards, be sure to check out our sponsor’s website — LeaseAccelerator — for practical advice on:
