NEWMARK KNIGHT FRANK

CFOs Say They Underestimated Challenges of Lease-Accounting Standard

Article written by: Mark Maurer, Wall Street Journal, August 30, 2019

Many U.S. public companies underestimated the difficulties of complying with a new lease-accounting standard, finance chiefs say. Their stumbles could inform private companies that are now preparing for the transition.

The Financial Accounting Standards Board in the past year began requiring public companies to report operating leases on their balance sheets in an effort to increase transparency for investors and lenders... Read the full article here.

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