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New poll suggests slow uptake of new lease accounting rules

Tammy Whitehouse | June 27, 2017

A new poll from PwC and CBRE Group suggests nearly one-fourth of companies have not yet begun to figure out how they will comply with the new lease accounting standard that begin to take effect in 2019.

The survey of more than 600 finance executives included a mix of companies across sectors, only 65 percent of which were public companies, the first to face the new accounting in 2019. Private companies have an extra year to prepare for standard, which requires companies for the first time to elevate their leased assets and related liabilities out of footnote disclosures and onto the face of the balance sheet.

More than half of survey respondents said their companies were in the process of assessing how their balance sheet... To get the full story, subscribe now.