Midway through the first year of complying with new lease accounting rules, only a little more than half of public companies said they completed their transition.
That was the result of a recent survey by LeaseQuery, which found only 54 percent of public companies reporting they had wrapped up their transition to Accounting Standards Codification Topic 842 bringing leases into financial statements. Another 24 percent said they were still deploying software and migrating data into a new lease accounting or lease management system.
