- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
With year-end reporting and revenue recognition implementation nearly complete, firms are preparing for their next accounting freak out—this time over leases.
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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.
As companies consider limited timeline remaining to adopt lease accounting rules, materiality discussions are helping to prioritize the workload.
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.
