Lease accounting changes are coming soon. Is your business ready?
Over the past few years, the U.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Boards (IASB) have been working to implement major changes to global lease accounting standards.
The Boards have begun drafting a final leases standard based on the tentative decisions reached by its members. Later in the drafting process, the Board will discuss any additional issues that arise during drafting, the benefits and costs of the new leases standard, and the effective date. JLL continues to stay abreast of all updates to ensure we are able to assist with your questions and concerns. More detail can be found at the FASB website. Last updated May 2015
The intricacies of the revised standards can be overwhelming. We're here to help you better understand what your organization is up against, plan accordingly and reformulate your leasing strategies as needed.
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Use the Lease Accounting Changes Preparedness Checklist to gauge what you need to do to get ready.
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