New accounting rules proposed by the U.S. Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) will require a company's leased assets—such as real estate, vehicles, and other equipment—to be added to their balance sheet as a capital asset.
This means S&P 500 companies, for example, would have to list the value of their leases on the balance sheet, weighing them down with an estimated average of more than $1 billion in new assets. The new regulation has the potential to dampen their financial performance as expressed in debt/equity ratios and return on assets.
According to an industry analyst report, 92 percent of companies are not prepared to implement the new rules—are you one of them? Read "Beyond the Balance Sheet: Assessing the Impact of the New Lease Accounting Standard" to help your company accelerate its preparedness with the new lease accounting standard.
In this must-read analyst report, you will gain an understanding of the strategic, operational, and information technology effects of the new leasing standard, based on findings from a global survey of 179 senior finance and real estate executives from companies with revenue in excess of U.S. $1 billion.
Download this comprehensive analyst report and learn about:
How the effect of the new lease accounting rules will ripple throughout the organization
The scope of change and systems needed to support the change with the new lease accounting standard
Interview and comments from chief accounting afficer of Fortune 100 company about the new rules and its effects
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