Share these talks and lectures with your colleagues
Invite colleaguesPractice paper
New rules, new strategies: How the changes to lease accounting rules impact leasing decisions
Corporate Real Estate Journal,
7
(4),
304-318
(2018)
Abstract
One of the biggest questions on the minds of corporate real estate (CRE) executives is: will leasing strategies need to change? The answer is ‘maybe’. Deciding on the right move will not be quick or easy, and the work must begin now. This paper will primarily examine leasing activity under new US GAAP rules, ASC 842.
Keywords: accounting; leasing strategy; FASB; IFRS 16; ASC 842; US GAAP; IASB; lease; balance sheet; impairment; operating lease; finance lease; nonlease cost
The full article is available to subscribers to the journal.
Author's Biography
Michael Billing is Managing Director, JLL Consulting group. He is a Certified Public Accountant who leads the Portfolio Strategy practice for JLL Consulting. Michael assists corporate clients in strengthening real estate contribution by analysing their portfolios and developing strategies to achieve long-term operational and financial goals. As JLL’s Lease Accounting advisory lead, he is responsible for all activities related to the new lease accounting rules (ASC 842 and IFRS 16) including client outreach, education, thought leadership, navigating client adoption and leasing strategy development.
