Your Company and the New Lease Accounting Standard: Data Tables by Company Size

LEASE ACCOUNTING STANDARD ADOPTION, BY COMPANY SIZE

Has your company begun the transition to the new lease accounting standard?

	Yes	No
National	44%	56%
20-49 employees	37%	63%
50-99 employees	49%	51%
100-249 employees	58%	42%
250-499 employees	70%	30%
500-999 employees	76%	24%
1,000+ employees	69%	31%

Finance leaders who reported their company has begun the transition also were asked the questions below:

As part of that transition, have you begun the diagnostic work necessary to determine the level of effort which will be required for you to be ready to adopt the new standard?

	Yes, already completed	Yes, started but not completed	No, haven't started
National	48%	51%	1%
20-49 employees	51%	48%	2%
50-99 employees	47%	53%	0%
100-249 employees	38%	61%	0%
250-499 employees	41%	59%	0%
500-999 employees	56%	44%	0%
1,000+ employees	58%	39%	3%

Have you completed the following?

Identified team members and responsibilities for completing the transition to new standard:

	National	61%
	20-49 employees	68%
	50-99 employees	49%
	100-249 employees	56%
	250-499 employees	54%
	500-999 employees	57%
	1,000+ employees	59%

Made an inventory of, and prioritized, any systems changes which might be required:

	National	51%
	20-49 employees	54%
	50-99 employees	33%
	100-249 employees	65%
	250-499 employees	55%
	500-999 employees	54%
	1,000+ employees	64%

Developed a project plan to address all gaps emanating from the diagnostic work:

	National	49%
	20-49 employees	50%
	50-99 employees	47%
	100-249 employees	49%
	250-499 employees	47%
	500-999 employees	57%
	1,000+ employees	57%

Identified, at a high level, the magnitude and type of the lease inventory (e.g., property, equipment):

	National	49%
	20-49 employees	51%
	50-99 employees	46%
	100-249 employees	46%
	250-499 employees	50%
	500-999 employees	49%
	1,000+ employees	54%

Written new accounting policies:

	National	47%
	20-49 employees	45%
	50-99 employees	40%
	100-249 employees	54%
	250-499 employees	60%
	500-999 employees	49%
	1,000+ employees	48%

Written new accounting procedures:

	National	43%
	20-49 employees	39%
	50-99 employees	40%
	100-249 employees	45%
	250-499 employees	65%
	500-999 employees	65%
	1,000+ employees	54%

Investigated any lease or property management systems which will facilitate adoption:

	National	42%
	20-49 employees	42%
	50-99 employees	38%
	100-249 employees	40%
	250-499 employees	41%
	500-999 employees	51%
	1,000+ employees	59%

What is the most challenging aspect of the transition to the new standard?

National

	1. Training staff
	2. Diagnosing the needed changes
	3. Finding professionals with the requisite experience

20-49 employees

	1. Diagnosing the needed changes
	2. Training staff
	3. Finding professionals with the requisite expertise

50-99 employees

	1. Managing change
	2. Training staff
	3. Identifying, inventorying and categorizing company’s leases

100-249 employees

	1. Finding professionals with the requisite expertise
	2. Training staff
	3. Managing change

250-499 employees

	1. Training staff
	2. Updating technology
	3. Diagnosing the needed changes

500-999 employees

	1. Training staff
	2. Diagnosing the needed changes
	3. Updating technology

1,000+ employees

	1. Finding professionals with the requisite expertise
	2. Identifying, inventorying and categorizing company’s leases
	3. Updating technology

For your company, which new accounting standard has been more challenging to adopt?

	Revenue recognition	Lease accounting
National	71%	29%
20-49 employees	68%	32%
50-99 employees	79%	21%
100-249 employees	75%	25%
250-499 employees	78%	22%
500-999 employees	72%	28%
1,000+ employees	76%	25%

How much of the processes and learnings from transitioning to the new revenue recognition standard have you been able to apply to adopting the new lease accounting standard?

	Most of them	Some of them	Almost none of them
National	29%	54%	17%
20-49 employees	27%	50%	23%
50-99 employees	31%	61%	8%
100-249 employees	27%	61%	12%
250-499 employees	37%	55%	8%
500-999 employees	43%	56%	2%
1,000+ employees	40%	52%	8%

Source: Robert Half and Protiviti survey of more than 2,000 U.S. finance leaders; totals may not equal 100 percent due to rounding