Lease Accounting Changes Effect on Retailers

Retailers might soon be forced to recognize a higher lease liability on their balance sheets. John Meedzan of Technology Management does a great job explaining:

The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively “the Boards”) are in the process of completing a major Joint Accounting Project which will dramatically change the way that lessees account for their portfolio of leases. The objective of the Boards’ Joint Project was convergence on lease accounting, namely, an international standard for lease accounting applicable to all business entities. And the Boards have achieved the major guiding principle

Continue reading: Lease Accounting Changes Effect on Retailers