Compliant lease accounting is a challenge with ASC 842 and IFRS 16. Read about the most important changes and how lease accounting software can help.
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Under ASC 842 leases need to be classified and recognised on the balance sheet as operating leases or finance leases. PwC research has shown that the increase in interest-bearing debt will mount to 58% on average but could increase by more than 200% for industries with many leased properties...