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Some plan to dig into leases in 2017, some not so much

Tammy Whitehouse | December 22, 2016

The latest poll on big accounting transformations suggests some companies are making plans to devote time in 2017 to the new requirements around lease accounting.

More than half of companies who responded to a recent Deloitte poll said they expect to increase in 2017 the amount of time and effort they will devote to transitioning to new lease accounting standards issued by both the Financial Accounting Standards Board and the International Accounting Standards Board in early 2016. FASB’s standard for companies that follow U.S. GAAP doesn’t take effect until 2019, a year after companies must adopt an even bigger accounting change around...

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