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New Accounting Standards: the impact of IASB and FASB for real estate occupiers

New Accounting Standards: the impact of IASB and FASB for real estate occupiers

New accounting standards that come into force in 2019 will require companies to record the value of real estate leases on their balance sheets.

This guide assesses the impact of IFRS 16 and FASB Topic 842 for real estate occupiers looking at the following key areas:

The key challenges businesses affected by IFRS 16 are facing

What preparation is required to comply

Collaboration between finance and real estate

The strategic opportunity for the real estate function

To respond both tactically and strategically to the new rules on leases, real estate will need to move away from inflexible and limited legacy technologies. The changes represent a golden opportunity for real estate to prove its value as a strategic business partner.

Download – New accounting standards: the impact of IFRS 16 for real estate occupiers

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