• In January 2016, the new lease accounting standard was issued by the International Accounting Standards Board (IASB).
  • Much of the discussion to date about the new accounting standard has centered on its impact on occupiers.
  • The implementation of the new lease accounting standards points to a need for increased collaboration between Corporate Real Estate (CRE)  executives and finance and accounting departments when finalising leasing transactions, and a greater emphasis on the more efficient allocation of capital for real estate requirements.