Key Data Fields for Your Leases

Starting the data collection process for your lease accounting compliance project might seem overwhelming at first. We’ve made it simpler with this overview of the key data fields you’ll need to collect from your leases. If you focus on the few that are required for compliance, the project will be much easier. You may also want to use the last column to note where you can find each data element in your organization. The data fields fall into three categories:

• Critical for compliance

• Special accounting data

• Optional vendor and lease management