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Lease survey suggests companies are moving toward adoption

Tammy Whitehouse | March 6, 2017

A software company’s recent survey suggests two-thirds of companies are on schedule or even ahead of schedule in preparing for the new lease accounting requirements that take effect in 2019, but even the firm’s CEO is wary of that result.

Of 250 accounting and finance leaders at U.S.-based public and private companies, most with revenues of at least $1 billion, 70 percent said they’d assigned a formal project leader and established a systems strategy, indicating at least an executive-level commitment to the effort, says LeaseAccelerator, which conducted the survey. “We were a little surprised,” said CEO Michael Keeler. “That seems like a high number compared with prior surveys and what we’re seeing in the market... To get the full story, subscribe now.