It Is Time to Bring Order to the M&D Lease Universe

The new lease accounting standard goes into effect for fiscal years beginning after Dec. 15, 2018 for public companies (effectively Jan. 1, 2019 for calendar year companies) and one year later for nonpublic entities. Therefore, calendar-year-reporting public companies only have about two months left to prepare.

This article outlines some of the major impacts of the new lease accounting standard and explores some of the challenges that manufacturing and distribution (M&D) companies are facing when preparing for it.