Why adopt leasing and revenue together?
Because leasing impacts revenue recognition, adopting the two GAAP changes simultaneously offers efficiencies.
Finance and real estate executives share their views on the impact of the new lease accounting standards
What will be the impact of sweeping changes to lease accounting recently finalized by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB)? How are companies preparing for the coming changes?
To find out, PwC and CBRE surveyed executives from organizations’ accounting, finance and real estate functions about actions they are considering to prepare for the new standards. Key findings from the survey, summarized here, reveal the challenges ahead and steps companies are taking now.