New Accounting Standards Change the Rules of IT

In this article about the pros and cons of IT leasing given new accounting standards, Steven Kirz, managing director offers recommended strategies for effectively navigating IT leasing and understanding the dynamics and business levers. Sample excerpt: “Before the new rule, only capital leases were required to be reported on balance sheets. Looking ahead, all leases must be recorded as liabilities. As a result, says Steven Kirz, managing director with business transformation and outsourcing advisory firm Pace Harmon, ‘companies that were attracted to leasing in order to keep significant assets off the balance sheet may be less interested in leasing in the future.’“

CIO.com