Analysis

Lease Accounting Survey

Preparing for implementation

Lease Accounting Survey 2013 ​

​The new lease accounting standard proposed by the Financial Accounting Standards Board (FASB) fundamentally changes the rules that govern accounting for both equipment and real estate leases.

To better understand the expected impacts and implementation issues that may result from the FASB’s proposed lease accounting standard, Deloitte conducted a survey in June 2013 of 138 executives at companies that are lessees or lessors.

The companies participating represented a wide variety of industries, including 44 percent with annual revenues of $500 million or greater (“larger companies”), and 56 percent with annual revenues of less than $500 million (“smaller companies”).

The current survey follows a 2011 Deloitte survey of real estate lessees and lessors about the first lease accounting exposure draft. Learn more about the survey’s findings, including how companies generally remain no more prepared to comply with the new standard than they were two years ago.

​The Proposed lease accounting standards

Read the Wharton Real Estate Review article by Josh Leonard and Bob O’Brien to learn more about standards-driven lessee accounting changes and associated operational changes.

Read the article to learn more
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