While the new lease accounting standards will have larger implications for lessees than lessors, lessor lease accounting will be impacted. Lessors also need to be aware of how the new standards will impact their customers and how the standards could change customer leasing preferences.
1. How are variable payments accounted for differently under the new standards?
2. How will lessors be affected by the new rules governing sale leaseback transaction accounting?
3. Is lessor software updated to accommodate the new accounting standards for their customers?
What the Experts Think
Links to Additional Resources
EY's To the Point publication focuses on new FASB amendments to ease the fair value measurement of for lessors that are not manufacturers or dealers.
EY's real estate technical line publication focuses on the impacts of the new leases standard to an industry that is primarily composed of lessors, but also may have certain lessee obligations that should be considered.
This PwC document covers several tentatively approved changes to lessor accounting under the new leases standard, including changes to tax and variable payment cost accounting.
ELFA details why lessors need to be aware of the impact the new lease accounting standards will have on their customers.
Deloitte's document details important lender considerations with the adoption of IFRS 16, despite IFRS 16's limited direct impact on lessors.