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Journey to the New Lease Accounting Standards

Tatum accelerates the lease accounting transformation with deep expertise and capabilities spanning the entire journey.

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The Challenge

ASC 842 and IFRS 16 fundamentally change the rules governing the accounting and reporting of leases. With $3 trillion in real estate and equipment leases forecasted to move to corporate balance sheets, these new standards will affect everything from processes to controls, policies, systems, disclosures, finance ratios, taxes and more — and make an impact that goes well beyond the accounting department at most organizations.

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Mapping the Lease Accounting Change Journey

Companies must develop a sustainable solution no later than 2019 (2020 for non-public companies), but they’re hampered in their efforts to do so by manual lease tracking, as well as disparate systems of record and resource constraints. Given all of these challenges, where are you in your lease accounting change journey?

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How Tatum Can Help

Successfully navigating ASC 842 and IFRS 16 requires tighter integration between lease administration, lease commitment and lease accounting, together with more robust policies, processes, systems and reporting.

Tatum helps companies accelerate their lease accounting transformations, leveraging deep domain expertise and capabilities that span the entire journey to create robust, streamlined solutions and deliver sustainable transformations.

Our areas of expertise include:
• Impact assessment
• Roadmap development
• Software selection and implementation
• Data collection
• Program and change management

Contact Tony DellaTorre

Contact Tony to gain insights on how your organization can prepare for the new Lease Accounting standards today. 

contact Tony

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