Whitepaper: Lease Accounting Standards Comparison

Your Guide to Lease Accounting Standards: Comparing IFRS 16, US GAAP (ASC 842), and German Local GAAP

This whitepaper provides a comprehensive comparison of three major lease accounting standards: IFRS 16, US GAAP (ASC 842), and German Local GAAP (HGB/BilMoG). It explains how each standard approaches the recognition, measurement, and disclosure of leases, highlighting the key differences and practical implications for organizations—especially those operating internationally or within Germany. The document aims to help readers understand which standard applies to their organization and how to ensure accurate and compliant lease reporting.

Key Takeaways and Benefits

• Clarity on Standards: Readers will gain a clear understanding of the main differences between IFRS 16, ASC 842, and HGB/BilMoG, including which leases must be reported on the balance sheet and the exemptions available.
• Disclosure Requirements: The whitepaper outlines the varying disclosure requirements, emphasizing the more rigorous standards of IFRS 16 and ASC 842 compared to German GAAP.
• Strategic Implications: It explains how these differences affect financial reporting, compliance, and strategic decision-making, particularly for multinational organizations.
• Practical Guidance: Readers will be better equipped to determine the applicable accounting standard for their organization and understand the steps needed for compliant lease reporting.
• Enhanced Financial Management: By aligning accounting policies and systems with the relevant regulations, organizations can ensure informed and effective financial management.

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