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Turn New Standards for Lease Accounting into an Opportunity for Efficiency
The impending change in global accounting standards requires capitalizing on all operating leases—including real estate, equipment and IT Infrastructure—on the corporate balance sheet.
Incorporating such leases in the balance sheet will add billions in new assets and liabilities to the holdings of mid- to large-sized companies, while it creates a significant increase in complexity across the board.
Smarter companies will move beyond compliance alone with impending FASB and IASB lease accounting standards and transform the way they manage all their assets to achieve increased asset efficiencies, more effective utilization and greater financial return than ever before.
This white paper examines the implications of this new standard and lays out best practices to prepare for future financial, facilities, and data challenges.