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Early work on new lease rules reveals big effort ahead

Tammy Whitehouse | March 14, 2017

Looming large in the sphere of big accounting changes, new requirements to bring leases on to corporate balance sheets are starting to win pockets of attention. That attention is mixed, however, as companies enter the home stretch in adopting even bigger change to the way they recognize revenue in financial statements.

At a national accounting conference in December, the vice president and corporate controller for Comcast sat on a panel to discuss what companies were accomplishing in preparing for the new lease accounting requirements. Those rules take effect in 2019, a year after the 2018 starting date for the new revenue recognition requirements.

“In terms of where we are in adopting the new... To get the full story, subscribe now.