The FASB and the IASB are moving forward with a lease accounting overhaul that will bring substantially all leases onto the balance sheet and change income statement recognition. Companies should begin now to prepare, in a measured way, for the upcoming necessary business process changes.
The report above discusses the following:
The report “Lease accounting: Transformational Change – Considering the impact of the proposed new lease accounting guidance on lessees in the Automotive Industry” is only an introduction of our insights and observations. We can help you with the proposed lease accounting standard, and what impacts you can expect as a result of the proposed new standard. PwC can work with your organization to explore: