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How will FAS 13 (ASC 842) and IFRS 16 affect lease accounting?

On January 1st, 2019, new accounting standards from FASB and IASB will take effect.  FAS 13 (ASC 842) and IFRS 16 will bring operating and finance leases onto the balance sheet, impacting the accounting processes of any entity that leases assets. 






According to a recent poll, fewer than 5% of organizations have a dedicated lease accounting system in place. Now is the time to start reviewing your processes.

Here are some steps you can take in preparation for FAS 13 (ASC 842) and IFRS 16:


5 STEPS IN PREPARATION FOR IFRS 16 RAMI 01 01

 

View the text information for the 5 Steps In Preparation for FAS 13 (ASC 842) and IFRS 16.