New Lease Accounting Rules Threaten Surge in U.K. Corporate Debt
Michael Kapoor | February 21, 2019
International Financial Reporting Standard 16 Leases took effect this year, forcing companies to treat most lease agreements liabilities for accounting purposes. This could add 180 billion pounds ($235 billion) to FTSE 350 companies’ stated debt, according to a Feb. 19 report by software company LeaseAccelerator Inc.
Read the full article on Bloomberg Tax (subscription required).