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Understanding and preparing for new FASB lease accounting regulations

In 2016 the Financial Accounting Standards Board (FASB) and and International Accounting Standards Board (IASB) announced significant changes to the requirements for reporting leases.

This major shift moves lease data from a footnote in financial statements to your balance sheet. It’s a massive overhaul and an organization-wide initiative that requires dedicated resources and specific in-depth expertise.
  • Gather and organize volumes of real estate and leasing data
  • Review current policies, procedures and workflows
  • Develop processes, workflows, audit trails and controls for meeting lease accounting standards
  • Integrate accounting systems that include FASB standards
  • Document and streamline new reporting and disclosure requirements
  • Ensure employees are trained and comfortable with systems and processes

Prepare for FASB / IASB lease accounting compliance

Find out how to ensure you have an all-in-one solution to find lease data, make it manageable and help comply with new lease accounting standards.
This initiative requires more than just technology. Resources and expertise in lease administration are equally critical. With specialized expertise in real estate and lease administration, Ricoh has created an eBook, designed to help you navigate the path to successful compliance.