Dive summary:

• The organizations that set accounting standards for the U.S. and the world have proposed a bookkeeping change that would take leasing costs out of the footnotes in financial reports and put them into corporate balance sheets.
• That would be a significant change for many companies that lease equipment and space rather than owning them, and the construction industry is a major player in equipment leasing.
• The proposal from the Financial Accounting Standards Board in the U.S. and the International Accounting Standards Board came last month in what they said is an effort to clarify how much risk is involved in leases, and they will take feedback until Sept. 13.

From the article:

As an asset intensive industry, the construction industry would be heavily impacted by the proposed changes to lease accounting. ...