STRATEGY POLICY INVENTORY DATA
SYSTEM PROCESS
CONTROL SUSTAIN
7
tangoanalytics.com
Most accounting standards have an element of interpretation, and the new
FASB ASC 842 and IASB IFRS 16 lease accounting standards are no exception.
Understanding the implications and impact of the new regulations prior to
embarking on the Road to Compliance is the only way to minimize costly
mistakes and timeline risks.
These are massive changes – make sure you take them on with eyes wide open.
Accounting Policies
Expected Level of Impact
According to an Ernst & Young
survey on preparing for the new
lease accounting standards,
nearly 60% of all
respondents said they
expect either a moderate
or significant impact
on their balance sheets
and on their financial
statement disclosures.
SOURCE: Paving a path to success: preparing for new lease
accounting standards, EY
Significant Impact
Minimal Impact
Unknown
Moderate Impact
No Impact
ROAD TO LEASE COMPLIANCE
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POLICY
POLICY
