Search
 
Analysis

New Lease Accounting Standard Poses Challenge for Corporates

Many companies will be starting from scratch to assemble data on equipment leases.

By Susan Kelly | Updated on July 13, 2016
A new lease accounting standard has handed companies a huge task, but a recent survey by EY and the Financial Executives Research Foundation suggests businesses are already getting to work.

The new standard, issued by the Financial Accounting Standards Board in February, requires companies to include leases on the balance sheet for the first time.

The survey of more than 125 CFOs and other finance executives found that the vast majority are familiar with the new standard, and almost half have taken some steps to begin to prepare, such as assessing the company’s readiness or starting to inventory the company’s lease data.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2025 ALM Global, LLC. All Rights Reserved.