Accounting standards to impact on leases

By Rhys Harvey
Updated July 2 2016 - 12:13am, first published July 1 2016 - 11:45pm
Companies with large and complex lease portfolios need to be preparing now for the long-awaited introduction of new accounting rules. Photo: Sarah Keayes
Companies with large and complex lease portfolios need to be preparing now for the long-awaited introduction of new accounting rules. Photo: Sarah Keayes

Companies with large and complex lease portfolios need to be preparing now for the long-awaited introduction of new rules by the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB). These rules will transfer billions of dollars of debt liabilities onto the balance sheet of major companies and create challenges around data collection and systems.

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