New accounting standards change the rules of IT leasing
The Financial Accounting Standards Board’s new lease accounting standards announced earlier this year will require public companies to recognize assets and liabilities from operating leases on their balance sheets for fiscal years beginning after December 15, 2018.
The changes — a response to a growing need to provide more transparency to off-balance sheet leasing obligations, estimated at some $1.2 trillion dollars — will impact not just accounting policies but lease vs. buy decisions within IT organizations whose companies will have to comply with the new standard.
[ Back in 2002: Budget Strategies: A Lesson on Leasing ]
To read this article in full or to leave a comment, please click here