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New poll shows strains as companies prepare for lease rules

Tammy Whitehouse | February 26, 2018

Another recent survey on lease accounting shows some stress in the system as companies wrap up one huge accounting standard adoption and dig into the next one.

Software provider LeaseAccelerator says it surveyed more than 300 accounting and finance professionals at large public and private companies based in the United States. It reveals three in four professionals are finding the adoption of the new lease accounting standard every bit as arduous as the even bigger new standard on revenue recognition. Public companies adopted new revenue recognition requirements with the start of the 2018 reporting year, and a major new standard to bring virtually all leases on to corporate balance sheets takes effect a year later.

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