EY and LeaseAccelerator Global Lease
Accounting Survey Results

While lease accounting standards have been around for several years, results from the December 2020 Global Lease Accounting Survey conducted by EY and LeaseAccelerator make it clear that lease accounting integration and governance are not yet part of the core processes of most finance functions at US public, US private and IFRS-reporting organizations — even for those who have adopted the lease accounting standards. For example, although over half of respondents (51%) said they have more than 250 leases, the same percentage said they don’t have lease accounting fully integrated with their monthly close process.

By using the survey data as inspiration for process and team changes, companies can start to see improvements in their leasing programs. For those organizations who are just getting started with compliance, there are best practices here that can guide them. And for companies that have already implemented the leasing standards, this is a good time to reevaluate processes and make changes to optimize lease accounting.