Most Companies Not Prepared for Lease Accounting Rule Changes

Although timing of accounting changes has not been resolved yet and likely remains several years away, the impact of the changes to corporate balance sheets will be significant. A recent survey jointly conducted by Jones Lang LaSalle and CoreNet Global indicates that 99% of respondents have not yet evaluated the impact of proposed changes on their balance sheets and P&L statements. Twenty-three percent said they were not even aware of the changes.

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