The FASB’s new lease accounting standard, ASU 2016-02, Leases (Topic 842), was issued on February 25, 2016. The new leasing standard presents dramatic changes to the balance sheets of lessees. Lessor accounting is updated to align with certain changes in the lessee model and the new revenue recognition standard.
Our lease accounting page is your resource for implementing the new leasing guidance. Here you will find helpful information and insights on the new lease accounting rules including executive level insights through our In the loop series, and a deeper dive into the leasing standard’s overall requirements with our In depth publication. Now available: a comprehensive accounting and reporting guide on lease accounting to help you with your company’s implementation. Also available, industry focusd In depth supplements. Visit pwc.com/us/leasing for details on how PwC can assist with your approach to the new standard.
Are you starting to implement the new lease standard? It may surprise you to know that a recent study revealed getting the accounting right didn’t make the top 5 challenges companies are facing. Hear PwC’s Valerie Wieman, Chad Soares and Sheri Wyatt discuss the most difficult implementation issues companies are encountering and how you can respond.
As companies begin to digest the FASB’s new lease standard, PwC provides some steps companies should take to get prepared.
We feature recent FASB releases, accounting and governance hot topics, and considerations for Q4 reporting.
Are you starting to look at the new lease standard? See our video on implementation challenges companies are facing.
Consider these top systems, data, and process challenges – and potential solutions.
Potential tax considerations associated with the new leasing standard.
Supply arrangements can sometimes be considered leases for accounting purposes. Watch now to know what to look out for.
PwC describes in detail the financial statement presentation and disclosure requirements of common balance sheet and income statement accounts.
The FASB and the IASB have jointly issued a new accounting standard, which will impact almost all entities, particularly lessees.
This supplement to our In depth on leases highlights areas that could create challenges for transportation and logistics companies.
A roundup of PwC reports and insights on accounting for leases - a joint project of IASB and FASB - is available at CFOdirect.
This supplement to our In depth on leases highlights areas that could create challenges for entertainment and media companies.