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Gearing up for change

New lease accounting proposals

New lease accounting proposal

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In August 2010, the International Accounting Standards Board (IASB) and U.S. Financial Accounting Standards Board (FASB) issued an exposure draft (ED) which creates a new accounting model for both lessees and lessors and eliminates the concept of operating leases. 

These proposals will result in all leases being capitalized and the resulting assets and liabilities being recognized ‘on balance sheet’.

This document highlights the key changes and financial and commercial impacts for lessees and sets out actions that finance leaders should take in order to prepare for the change.


To learn more about new lease accounting proposals, please download the full article of Gearing up for change—New lease accounting proposals.

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