PwC: Are You Ready for the Proposed Changes to Accounting Leases?
Prepare now for lease accounting changes proposed by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB).
12/29/2010
The FASB and IASB proposal consists of a converged lease accounting standard that addresses supposed weaknesses of existing practices. The proposal aims to ensure that assets and liabilities that arise from lease contracts are reflected in company balance sheets.
PricewaterhouseCoopers recommends:
• Taking inventory of existing leases and assessing potential effects to your company
• Considering effects on major business initiatives such as systems and compensation plans
• Assessing data that will need to be collected and analyzed prior to the adoption of the regulations
• Establishing training and communication plans with employees and stakeholders
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024