- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Companies still have a long way to go to be ready for new lease accounting rules that take effect in 2019, according to a recent KPMG poll.
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As new accounting rules begin to change key metrics in financial statements, companies are beginning to reconsider certain aspects of how they do business.
Lease accounting is the next big accounting change on deck, and companies should be prepared to give investors plenty of advance notice on what to expect.
With year-end reporting and revenue recognition implementation nearly complete, firms are preparing for their next accounting freak out—this time over leases.
