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
South Korea-Based Seoyon E-HWA Plans Chatham County, Georgia, Manufacturing Plant
02/02/2023
Bottling Company International Plans Morrison, Tennessee, Operations Complex
02/01/2023
Engineered BioPharmaceuticals Expands Danville, Virginia, Operations
02/01/2023
Ancra Cargo Establishes Hebron, Kentucky, Headquarters
01/31/2023
Pace Industries Expands Jackson, Tennessee, Operations
01/31/2023
Green Georgia Plans Thomaston, Georgia, Headquarters-Manufacturing Campus
01/31/2023
Most Read
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
Three Big Challenges Facing the Food & Beverage Industry
Q4 2022
-
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023
-
Fixing the Supply Chain with AI and Robotics
Q4 2022
-
Innovation Corridors Update
Q4 2022