In simple English, if you lease anything for your business the way you account for the lease may change. There is a lease accounting change proposal proposed that will completely revamp te way you account for leases, and NOT in a positive way.
Here's a summary from BOMA International: http://www.boma.org/RESOURCES/LEASEACCOUNTINGCHANGEPROPOSAL/Pages/default2.aspx
If you want Deloitte'sExposure draft on Lease Accounting (all 51 pages) click here: http://www.boma.org/SiteCollectionDocuments/Org/Docs/Resources/LeaseChangeProposal/Deloitte%20Lease%20Slides.pdf
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