Episode 02 - New Financial Lease Accounting Standards

On this episode of Building Success: A Real Estate Podcast, I speak with Marcus Scholes and Steven Fox, regarding the upcoming changes to the financial standards for those acting as lessees. Both the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have introduced new rules on what leases must show up on financial statements. Marcus and Steve provide a background into the need for these updates, and how companies can best prepare themselves for the financial changes ahead. You can find MRI Software's Lease Accounting Standards resources at: https://www.mrisoftware.com/lease-accounting-standards/ For more information on this topic from Steven, check out his article here: https://economia.icaew.com/en/opinion/january-2018/managing-the-implications-of-ifrs-16?lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3BQCFwGMGlSNKYGzNc6GIqGg%3D%3D#.Wnq559geNuw.linkedin You can also download the "Road to Readiness" by Real Asset Management here: https://www.realassetmgt.com/articles-papers/white-papers/lessee-accounting-road-map.html