There have been a lot of changes in lease accounting since 2019. Starting 1 January 2019, the Financial Accounting Standards Board (FASB) and the International Accounting Standard Board (IASB) implemented new standards, ASC 842 and IFRS 16 respectively. This immediately raises a number of issues. Is your company already compliant with these regulations? For example, to what extent have these new standards impacted your organisation’s balance sheet and operations?
Download a free copy of this FAQ to get an overview of five frequently asked questions about lease accounting and our answers to them.