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A significant number of companies are ill-prepared to implement and comply with ASC 842, the new accounting standard – one that will bring an estimated $2 trillion of lease liability onto S&P 500 balance sheets. Organizations must start planning now to implement new business processes and internal controls to comply with the new guidance. If you’re a CFO and unsure whether you’re on-track to implement the new standard, the following article gives you six important questions you can ask your chief accounting lead because, ready or not, the countdown has begun!

Read the Article Here: Lease Accounting: Six Questions CFOs Should Ask Now