BDO Leasing Administration Solution - LEAD

At the beginning of 2016 the IASB (IFRS 16) and the FASB (ASC 842) issued new principles for the
recognition, measurement, presentation and disclosure of leases. For lessees a single lease accounting
model applies to all leases resulting in an on balance sheet presentation. Operating leases that were
previously ‘off balance’ no longer exist for lessees. As a result, preparers of financial statements are facing challenges and are required to break new grounds and reassess their existing and future lease portfolio.