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.
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.
Although most cruise vacations may be paused right now, global cruise line corporations continue to leverage leasing as a strategic financial tool to enhance cash flow and reduce firm-wide risk.