Blog

EY and LeaseAccelerator discuss the state of lease accounting, covering topics including compliance standards and the opportunity it brings to transform leasing into a value center.

Recently, Len Neuhaus, CPA, VP of Lease Accounting, submitted a letter on LeaseAccelerator’s views and requests for improvements to the FASB ASC 842 standard.

Before the lease accounting standards came along, there was more flexibility in how organizations managed leased assets.

Capturing and tracking lease accounting data is one of the biggest hurdles organizations face in managing the lease lifecycle.

One of the biggest leasing issues facing businesses today is inaccurate or missing lease data for initial ASC 842/IFRS 16 compliance and ongoing data maintenance.

Faced with a new set of rules powered by a remote and decentralized workforce, new cash management strategies, and shifting real estate and equipment lease needs...