Deloitte Tohmatsu offers services for Japan lease accounting compliance with new standards

From Yahoo Finance: 2025-06-02 07:38:00

Deloitte Tohmatsu Group will offer services to help finance and accounting departments in Japan comply with new lease accounting standards starting in April 2027. The standards align with International Financial Reporting Standards, requiring lessee operating leases to be recognized as assets. Companies must make significant changes to manage lease contracts and update internal controls.

To assist with these changes, Deloitte Tohmatsu’s service uses AI-OCR technology to convert lease contracts into text data. Generative AI extracts critical details impacting accounting treatment, which are linked to a lease calculation application. This approach reduces the manual workload of processing contracts and entering data for accounting purposes.

The Deloitte Tohmatsu Corporate as a Service Operate Center MAEBASHI will be the central hub for addressing corporate challenges. It aims to provide comprehensive support for resolving issues, stabilizing corporate functions, and transforming operations for Japanese companies nationwide. The center leverages expertise in accounting, risk management, and digital tools to assist companies in adapting to the new lease accounting standards.

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