Read Major Research Studies Conducted on the New Lease Accounting Standards
Since the publication of the new lease accounting standards in early 2016, there have been a number of excellent lease accounting research studies conducted by Big Four firms, Real Estate Brokers, and Industry Associations. These studies attempt to quantify the composition of corporate leasing portfolios as well as the challenges associated with implementing the standards.
The Studies Analyze:
How many leases does your company have? What percentage are international versus domestic? What is the mix of real estate, IT, fleet, and other types of equipment leases?
What is the state of readiness of accounting organizations to support the new standards? And what is the current state of their systems, processes and controls for leasing?
What do CFOs expect the biggest impacts to be? Are they most concerned about changes to the balance sheet, financial ratios, or public disclosures?
What are the biggest obstacles to overcome during the implementation process? Collecting leasing data? Applying the accounting rules? Deploying new systems, policies, and controls?