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Balance sheets across numerous industries showed large increases in lease liabilities due to ASC 842 adoption. Financial institutions saw the greatest increase across average lease liability. Companies continue to report that adoption and implementation of the new regulation took longer than anticipated, particularly in later stages of the transition.  Read the rest of the article on Accounting Today.

No matter where you are at in your lease accounting adoption process, Scribcor Global can help. Contact us today to learn how we can put our extensive lease accounting experience to work for your firm!

Article From: "Michael Cohn"   Read full article