📊 Lease Accounting and Management
Lease Accounting and Management refers to the comprehensive process of recording, tracking, and reporting a company's lease agreements in compliance with global financial reporting standards. This function has become significantly more complex due to recent changes aimed at increasing transparency regarding a company's financial obligations.
The major shift in lease accounting was introduced by the Financial Accounting Standards Board (FASB) in the US (resulting in ASC 842) and the International Accounting Standards Board (IASB) globally (resulting in IFRS 16).
3 Views