What if Evaluate the implications of lease accounting changes on financial reporting and business operations. Explain the key provisions of the new lease accounting standards, IFRS $16$ and ASC $842,$ and how they differ from the previous standards. Discuss the impact of these changes on the recognition, measurement, and presentation of lease assets and liabilities on the balance sheet. Provide examples of how companies in different industries have adapted to the new lease accounting requirements and the challenges they have faced. Analyze the effects of the new standards on key financial metrics, such as leverage ratios, return on assets, and operating margins. Discuss the role of lease accounting software and technology in facilitating compliance with the new standards. How do the new lease accounting requirements influence management decisions regarding lease vs$.$ buy options and lease structuring? Consider the implications for investors, analysts, and other stakeholders$\mathrm{.}10$ points